https://www.taxtmi.com/caselaws?id=373421 The Tribunal allowed the appeal of the assessee, setting aside the reassessment order, on the grounds that the reassessment was based on issues not cited in the notice under Section 148 of the Income Tax Act. The Tribunal emphasized that reassessment can only occur if there is tangible material available to the Assessing Officer, not merely a change of opinion. The reassessment for the impugned assessment year was deemed invalid and was consequently set aside. en-us Tue, 11 Dec 2018 00:00:00 +0530 Sat, 12 Jan 2019 07:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373421 The Tribunal allowed the appeal of the assessee, setting aside the reassessment order, on the grounds that the reassessment was based on issues not cited in the notice under Section 148 of the Income Tax Act. The Tribunal emphasized that reassessment can only occur if there is tangible material available to the Assessing Officer, not merely a change of opinion. The reassessment for the impugned assessment year was deemed invalid and was consequently set aside. Case-Laws Income Tax Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373421