https://www.taxtmi.com/caselaws?id=351154 The court invalidated the reassessment notices issued under Section 147/148 of the Income Tax Act, ruling that the Assessing Officer lacked fresh tangible material to justify reopening assessments. Reassessment based on re-examination of existing records was deemed impermissible, falling under the prohibited "change of opinion." Notices issued after the statutory period and in the absence of a Section 143(2) notice were declared invalid. The court quashed all reassessment notices and subsequent proceedings, allowing the writ petitions without costs. en-us Thu, 16 Nov 2017 00:00:00 +0530 Fri, 27 Apr 2018 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351154 The court invalidated the reassessment notices issued under Section 147/148 of the Income Tax Act, ruling that the Assessing Officer lacked fresh tangible material to justify reopening assessments. Reassessment based on re-examination of existing records was deemed impermissible, falling under the prohibited "change of opinion." Notices issued after the statutory period and in the absence of a Section 143(2) notice were declared invalid. The court quashed all reassessment notices and subsequent proceedings, allowing the writ petitions without costs. Case-Laws Income Tax Thu, 16 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351154