https://www.taxtmi.com/caselaws?id=376299 The High Court held that the Assessing Officer's decision to reopen the assessment beyond the statutory period was unjustified as no new material was presented to indicate escaped income. The Court emphasized that the reasons for reopening were based on a mere change of opinion without any failure to disclose facts by the petitioner. Since detailed responses had been provided during the original assessment, where no additions were made, the Court quashed the notice and ruled in favor of the petitioner. en-us Fri, 01 Mar 2019 00:00:00 +0530 Wed, 06 Mar 2019 11:13:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376299 The High Court held that the Assessing Officer's decision to reopen the assessment beyond the statutory period was unjustified as no new material was presented to indicate escaped income. The Court emphasized that the reasons for reopening were based on a mere change of opinion without any failure to disclose facts by the petitioner. Since detailed responses had been provided during the original assessment, where no additions were made, the Court quashed the notice and ruled in favor of the petitioner. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376299