https://www.taxtmi.com/caselaws?id=338424 The court held that the reassessment notice under Section 148 of the Income Tax Act was invalid as it was based on a mere change of opinion by the Assessing Officer, which is impermissible. The court found that the issues for reopening assessment had already been thoroughly examined during the original scrutiny assessment, with all necessary details provided by the petitioner. Consequently, the court quashed the reassessment notice dated 28.03.2016 and ruled in favor of the petitioner, with no costs awarded. en-us Mon, 09 Jan 2017 00:00:00 +0530 Mon, 29 May 2017 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338424 The court held that the reassessment notice under Section 148 of the Income Tax Act was invalid as it was based on a mere change of opinion by the Assessing Officer, which is impermissible. The court found that the issues for reopening assessment had already been thoroughly examined during the original scrutiny assessment, with all necessary details provided by the petitioner. Consequently, the court quashed the reassessment notice dated 28.03.2016 and ruled in favor of the petitioner, with no costs awarded. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338424