https://www.taxtmi.com/caselaws?id=13908 The court rejected the petitioner's arguments regarding the reopening of assessment for the assessment years 1995-96 and 1996-97 under section 148 of the Income-tax Act. It held that the unpaid expenses were overlooked during the initial assessment, ruling out the claim of change of opinion. The court emphasized that each year is considered a separate unit under the Income-tax Act, dismissing the attempt to link the present notice to a previous one. Consequently, both writ petitions were dismissed based on these findings. en-us Sat, 17 Mar 2001 00:00:00 +0530 Sat, 04 Jul 2009 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13908 The court rejected the petitioner's arguments regarding the reopening of assessment for the assessment years 1995-96 and 1996-97 under section 148 of the Income-tax Act. It held that the unpaid expenses were overlooked during the initial assessment, ruling out the claim of change of opinion. The court emphasized that each year is considered a separate unit under the Income-tax Act, dismissing the attempt to link the present notice to a previous one. Consequently, both writ petitions were dismissed based on these findings. Case-Laws Income Tax Sat, 17 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13908