https://www.taxtmi.com/caselaws?id=10881 The court quashed the notices issued under section 148 of the Income-tax Act for assessment years 1982-83 to 1985-86 as they were beyond the four-year limitation period without any fault on the petitioner's part. For the assessment year 1986-87, the court found no justification for reopening assessments based on a change of opinion, leading to the quashing of the notice and declaring the proposed reassessment unlawful. The petitioner was granted the investment allowance for the subsequent year. The court allowed the petition, quashed all notices, and restrained further action, with no costs awarded. en-us Tue, 22 Jun 2004 00:00:00 +0530 Mon, 27 Jul 2009 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10881 The court quashed the notices issued under section 148 of the Income-tax Act for assessment years 1982-83 to 1985-86 as they were beyond the four-year limitation period without any fault on the petitioner's part. For the assessment year 1986-87, the court found no justification for reopening assessments based on a change of opinion, leading to the quashing of the notice and declaring the proposed reassessment unlawful. The petitioner was granted the investment allowance for the subsequent year. The court allowed the petition, quashed all notices, and restrained further action, with no costs awarded. Case-Laws Income Tax Tue, 22 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10881