https://www.taxtmi.com/caselaws?id=368476 The court held that the reopening of the assessment under Section 148 of the Income Tax Act for the Assessment Year 2010-11 was not justified as it was based on a mere change of opinion without new tangible material. The petitioner had disclosed all necessary facts in the original return, and the discrepancy in the commencement date of manufacturing was not sufficient to warrant the reopening beyond the four-year limitation period. The court allowed the writ petition, setting aside the reopening of the assessment for the said assessment year. en-us Thu, 04 Oct 2018 00:00:00 +0530 Tue, 13 Nov 2018 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368476 The court held that the reopening of the assessment under Section 148 of the Income Tax Act for the Assessment Year 2010-11 was not justified as it was based on a mere change of opinion without new tangible material. The petitioner had disclosed all necessary facts in the original return, and the discrepancy in the commencement date of manufacturing was not sufficient to warrant the reopening beyond the four-year limitation period. The court allowed the writ petition, setting aside the reopening of the assessment for the said assessment year. Case-Laws Income Tax Thu, 04 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368476