https://www.taxtmi.com/caselaws?id=360028 The High Court quashed the re-assessment proceedings for Assessment Year 2010-11, ruling that the Assessing Officer's decision to re-open the assessment was unjustified as the information regarding the property purchase was not new or undisclosed. The court emphasized that the original assessment had already scrutinized the transaction details, and there was no fresh evidence presented to warrant re-assessment. The court held that re-opening assessments based on a change of opinion from the original assessment was impermissible, ultimately allowing the writ petition and setting aside the re-assessment notice and the order dismissing objections without imposing costs. en-us Tue, 01 May 2018 00:00:00 +0530 Mon, 07 May 2018 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360028 The High Court quashed the re-assessment proceedings for Assessment Year 2010-11, ruling that the Assessing Officer's decision to re-open the assessment was unjustified as the information regarding the property purchase was not new or undisclosed. The court emphasized that the original assessment had already scrutinized the transaction details, and there was no fresh evidence presented to warrant re-assessment. The court held that re-opening assessments based on a change of opinion from the original assessment was impermissible, ultimately allowing the writ petition and setting aside the re-assessment notice and the order dismissing objections without imposing costs. Case-Laws Income Tax Tue, 01 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360028