https://www.taxtmi.com/caselaws?id=376972 The Court ruled in favor of the petitioner, finding that the notice issued under section 148 of the Income Tax Act for reassessment lacked valid reasons to believe and was based solely on a change of opinion. The Court held that the petitioner had fully disclosed all material facts during the original assessment process and provided satisfactory explanations to revenue queries. As a result, the Court set aside and quashed the notice under section 148, deciding in favor of the petitioner. en-us Wed, 13 Mar 2019 00:00:00 +0530 Mon, 18 Mar 2019 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376972 The Court ruled in favor of the petitioner, finding that the notice issued under section 148 of the Income Tax Act for reassessment lacked valid reasons to believe and was based solely on a change of opinion. The Court held that the petitioner had fully disclosed all material facts during the original assessment process and provided satisfactory explanations to revenue queries. As a result, the Court set aside and quashed the notice under section 148, deciding in favor of the petitioner. Case-Laws Income Tax Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376972