https://www.taxtmi.com/caselaws?id=15829 The court quashed the notice under section 148 of the Income-tax Act for reopening the assessment year 1985-86 as it found that there was no suppression of material facts and the Assessing Officer's reasons indicated a change of opinion. The petitioner's revised income declaration was accepted, and the court determined that the inclusion of interest in computing capital gain was not a valid basis for reopening the assessment. en-us Tue, 13 Jul 1999 00:00:00 +0530 Sat, 29 Aug 2009 13:37:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15829 The court quashed the notice under section 148 of the Income-tax Act for reopening the assessment year 1985-86 as it found that there was no suppression of material facts and the Assessing Officer's reasons indicated a change of opinion. The petitioner's revised income declaration was accepted, and the court determined that the inclusion of interest in computing capital gain was not a valid basis for reopening the assessment. Case-Laws Income Tax Tue, 13 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15829