https://www.taxtmi.com/caselaws?id=381921 The court held that the reopening of the assessment under Section 148 of the Income Tax Act was based on incorrect facts and amounted to a mere change of opinion. The petitioner had fully disclosed all material facts necessary for the assessment, and there was no willful suppression of income. Consequently, the notice issued under Section 148 was quashed and set aside. The court emphasized the importance of considering objections raised by the assessee. The petition was allowed with no order as to costs. en-us Tue, 30 Apr 2019 00:00:00 +0530 Mon, 27 Jul 2020 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381921 The court held that the reopening of the assessment under Section 148 of the Income Tax Act was based on incorrect facts and amounted to a mere change of opinion. The petitioner had fully disclosed all material facts necessary for the assessment, and there was no willful suppression of income. Consequently, the notice issued under Section 148 was quashed and set aside. The court emphasized the importance of considering objections raised by the assessee. The petition was allowed with no order as to costs. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381921