https://www.taxtmi.com/caselaws?id=338696 The court ruled in favor of the petitioner, quashing the notice and reassessment proceedings for Assessment Year 2009-10 under the Income Tax Act. The court found that the reassessment was based on impermissible change of opinion as the issue had already been examined during the original assessment, citing legal precedents to support its decision. The court held that reopening the assessment on the same material was not justified, leading to the decision in favor of the petitioner. en-us Tue, 31 Jan 2017 00:00:00 +0530 Thu, 09 Feb 2017 12:45:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338696 The court ruled in favor of the petitioner, quashing the notice and reassessment proceedings for Assessment Year 2009-10 under the Income Tax Act. The court found that the reassessment was based on impermissible change of opinion as the issue had already been examined during the original assessment, citing legal precedents to support its decision. The court held that reopening the assessment on the same material was not justified, leading to the decision in favor of the petitioner. Case-Laws Income Tax Tue, 31 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338696