https://www.taxtmi.com/caselaws?id=375704 The court ruled in favor of the petitioner, a cooperative bank, in a challenge against the notice seeking to reopen the assessment for the assessment year 2011-12 under section 148 of the Income Tax Act, 1961. The court held that the notice was invalid and beyond the statutory period, as there was no failure to disclose material facts and the reopening was deemed a mere change of opinion. Upholding the principle of merger and citing relevant legal precedent, the court quashed the notice issued by the respondent. en-us Tue, 08 Jan 2019 00:00:00 +0530 Sat, 23 Feb 2019 08:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375704 The court ruled in favor of the petitioner, a cooperative bank, in a challenge against the notice seeking to reopen the assessment for the assessment year 2011-12 under section 148 of the Income Tax Act, 1961. The court held that the notice was invalid and beyond the statutory period, as there was no failure to disclose material facts and the reopening was deemed a mere change of opinion. Upholding the principle of merger and citing relevant legal precedent, the court quashed the notice issued by the respondent. Case-Laws Income Tax Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375704