https://www.taxtmi.com/caselaws?id=18178 The court ruled in favor of the petitioner, a public limited company, in a case involving the issuance of notices under section 148 of the Income-tax Act for assessment years 1992-93 and 1993-94. The court found that the notices were based on a change of opinion rather than new information, as the company had fully disclosed all relevant facts during the assessment process. Therefore, the court quashed and set aside the notices, emphasizing the importance of truthful disclosure and stating that a mere change of opinion by the Assessing Officer does not warrant the issuance of such notices. en-us Wed, 26 Jun 1996 00:00:00 +0530 Tue, 29 Sep 2009 13:20:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18178 The court ruled in favor of the petitioner, a public limited company, in a case involving the issuance of notices under section 148 of the Income-tax Act for assessment years 1992-93 and 1993-94. The court found that the notices were based on a change of opinion rather than new information, as the company had fully disclosed all relevant facts during the assessment process. Therefore, the court quashed and set aside the notices, emphasizing the importance of truthful disclosure and stating that a mere change of opinion by the Assessing Officer does not warrant the issuance of such notices. Case-Laws Income Tax Wed, 26 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18178