https://www.taxtmi.com/caselaws?id=377185 The High Court upheld the re-assessment proceedings under Sections 147/148 of the Income Tax Act, 1961 for Assessment Year 2011-2012. The court dismissed the appeals challenging the re-assessment order, emphasizing the distinction between 'change of opinion' and 'reasons to believe' under the Act. It ruled that the Assessee should pursue statutory remedies through higher Appellate Forums, directing them to file regular Statutory Appeals within two weeks. The court highlighted the limitations of writ jurisdiction in tax disputes and dismissed the connected miscellaneous petition, with no costs awarded. en-us Thu, 14 Mar 2019 00:00:00 +0530 Wed, 22 May 2019 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377185 The High Court upheld the re-assessment proceedings under Sections 147/148 of the Income Tax Act, 1961 for Assessment Year 2011-2012. The court dismissed the appeals challenging the re-assessment order, emphasizing the distinction between 'change of opinion' and 'reasons to believe' under the Act. It ruled that the Assessee should pursue statutory remedies through higher Appellate Forums, directing them to file regular Statutory Appeals within two weeks. The court highlighted the limitations of writ jurisdiction in tax disputes and dismissed the connected miscellaneous petition, with no costs awarded. Case-Laws Income Tax Thu, 14 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377185