https://www.taxtmi.com/caselaws?id=368906 The court dismissed the writ petition challenging the notice issued under Section 148 of the Income Tax Act, finding it valid and justified. The court held that the reopening of the assessment was based on tangible material rather than a mere change of opinion. Additionally, the court determined that the notice was issued within the prescribed limitation period. The court emphasized the need for exhausting statutory remedies before resorting to a writ petition and highlighted the importance of allowing the Assessing Officer to investigate based on new material facts. en-us Wed, 10 Oct 2018 00:00:00 +0530 Mon, 10 Dec 2018 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368906 The court dismissed the writ petition challenging the notice issued under Section 148 of the Income Tax Act, finding it valid and justified. The court held that the reopening of the assessment was based on tangible material rather than a mere change of opinion. Additionally, the court determined that the notice was issued within the prescribed limitation period. The court emphasized the need for exhausting statutory remedies before resorting to a writ petition and highlighted the importance of allowing the Assessing Officer to investigate based on new material facts. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368906