https://www.taxtmi.com/caselaws?id=367967 The court declined to interfere with the notice of reopening issued by the Assessing Officer for the assessment year 2011-12 regarding the non-disclosure of capital gains from a sale transaction of non-agricultural land. The court emphasized that the Assessing Officer had the authority to reopen the assessment without the "change of opinion" principle applying, as the original assessment was not scrutinized. The court directed the Assessing Officer to assess the transfer of the capital asset and determine the tax liability, leaving all contentions open for consideration during assessment proceedings. The petition was dismissed, and the court did not express an opinion on the taxability of the amount in question. en-us Tue, 25 Sep 2018 00:00:00 +0530 Fri, 28 Sep 2018 09:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367967 The court declined to interfere with the notice of reopening issued by the Assessing Officer for the assessment year 2011-12 regarding the non-disclosure of capital gains from a sale transaction of non-agricultural land. The court emphasized that the Assessing Officer had the authority to reopen the assessment without the "change of opinion" principle applying, as the original assessment was not scrutinized. The court directed the Assessing Officer to assess the transfer of the capital asset and determine the tax liability, leaving all contentions open for consideration during assessment proceedings. The petition was dismissed, and the court did not express an opinion on the taxability of the amount in question. Case-Laws Income Tax Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367967