https://www.taxtmi.com/caselaws?id=375099 The High Court quashed the notice issued by the Assessing Officer under Section 148 of the Income Tax Act, 1961, for the assessment year 2011-12. The court held that the reasons for reopening the assessment lacked new material and justification, as the issues raised had already been examined during the original scrutiny assessment. The court emphasized that without new material, reopening the assessment would amount to impermissible change of opinion. Consequently, the court allowed the petition, ruling in favor of the petitioner. en-us Fri, 01 Feb 2019 00:00:00 +0530 Thu, 14 Feb 2019 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375099 The High Court quashed the notice issued by the Assessing Officer under Section 148 of the Income Tax Act, 1961, for the assessment year 2011-12. The court held that the reasons for reopening the assessment lacked new material and justification, as the issues raised had already been examined during the original scrutiny assessment. The court emphasized that without new material, reopening the assessment would amount to impermissible change of opinion. Consequently, the court allowed the petition, ruling in favor of the petitioner. Case-Laws Income Tax Fri, 01 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375099