https://www.taxtmi.com/caselaws?id=343868 The court allowed the writ petitions, setting aside the notices and consequential orders by the Assessing Officer. The court held that the reopening of assessments under Section 148 of the Income Tax Act for the relevant assessment years was not justified as it lacked tangible material and was based on a mere change of opinion. It was emphasized that the Assessee had fully and truly disclosed all material facts necessary for assessment, and there was no fresh material to warrant the reopening. en-us Tue, 30 May 2017 00:00:00 +0530 Tue, 01 Aug 2017 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343868 The court allowed the writ petitions, setting aside the notices and consequential orders by the Assessing Officer. The court held that the reopening of assessments under Section 148 of the Income Tax Act for the relevant assessment years was not justified as it lacked tangible material and was based on a mere change of opinion. It was emphasized that the Assessee had fully and truly disclosed all material facts necessary for assessment, and there was no fresh material to warrant the reopening. Case-Laws Income Tax Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343868