https://www.taxtmi.com/caselaws?id=374045 The court quashed and set aside the notice of reopening of assessment issued to a company engaged in manufacturing and selling generators. The court found that the notice was based on a mere change of opinion by the Assessing Officer without any new material warranting the reopening of assessment. It was held that the treatment of unascertained liability for warranty expenses, which was accepted during the scrutiny assessment, did not justify the reopening solely on the ground of an alleged error in considering the claim. The court emphasized the importance of the Assessing Officer's examination during scrutiny assessment and referred to relevant case law supporting the concept of change of opinion. en-us Fri, 18 Jan 2019 00:00:00 +0530 Thu, 24 Jan 2019 07:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374045 The court quashed and set aside the notice of reopening of assessment issued to a company engaged in manufacturing and selling generators. The court found that the notice was based on a mere change of opinion by the Assessing Officer without any new material warranting the reopening of assessment. It was held that the treatment of unascertained liability for warranty expenses, which was accepted during the scrutiny assessment, did not justify the reopening solely on the ground of an alleged error in considering the claim. The court emphasized the importance of the Assessing Officer's examination during scrutiny assessment and referred to relevant case law supporting the concept of change of opinion. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374045