https://www.taxtmi.com/caselaws?id=338813 The Court dismissed the appeal challenging the reopening of assessment for the Assessment Year 2003-04 under Section 148 of the Income Tax Act. It held that the reopening proceedings were without jurisdiction as they amounted to a change of opinion, which is not a valid reason to reopen an assessment. The Court emphasized the necessity for Assessing Officers to meet the requirements of Sections 147/148 of the Act before issuing reopening notices, highlighting that the power to reopen an assessment is not a power to review an order. The appeal was dismissed as it did not raise any substantial question of law. en-us Wed, 01 Feb 2017 00:00:00 +0530 Sat, 11 Feb 2017 10:47:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338813 The Court dismissed the appeal challenging the reopening of assessment for the Assessment Year 2003-04 under Section 148 of the Income Tax Act. It held that the reopening proceedings were without jurisdiction as they amounted to a change of opinion, which is not a valid reason to reopen an assessment. The Court emphasized the necessity for Assessing Officers to meet the requirements of Sections 147/148 of the Act before issuing reopening notices, highlighting that the power to reopen an assessment is not a power to review an order. The appeal was dismissed as it did not raise any substantial question of law. Case-Laws Income Tax Wed, 01 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338813