https://www.taxtmi.com/caselaws?id=9729 The Court quashed and set aside the notices challenging the reopening of assessments for specific years under section 148 of the Income-tax Act, 1961. The Court found the reasons for reopening the assessments unsustainable, as the issues raised had already been addressed during the original assessment process. It was held that the Assessing Officer had no grounds to reopen the assessments based on failure to disclose material facts or a change of opinion. The Court deemed the notices illegal and without merit, ultimately ruling in favor of the petitioners. en-us Mon, 22 Aug 2005 00:00:00 +0530 Sat, 03 Dec 2016 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9729 The Court quashed and set aside the notices challenging the reopening of assessments for specific years under section 148 of the Income-tax Act, 1961. The Court found the reasons for reopening the assessments unsustainable, as the issues raised had already been addressed during the original assessment process. It was held that the Assessing Officer had no grounds to reopen the assessments based on failure to disclose material facts or a change of opinion. The Court deemed the notices illegal and without merit, ultimately ruling in favor of the petitioners. Case-Laws Income Tax Mon, 22 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9729