https://www.taxtmi.com/caselaws?id=383352 The High Court allowed the appeal, holding that reopening an assessment without fresh material justifying the action would be considered a change of opinion and therefore legally invalid. The Court emphasized that the rigorous standards for reopening assessments should apply uniformly, regardless of whether the assessment was under Section 143(1) or 143(3). The Court cited legal precedents to establish that the expression "reason to believe" should be interpreted consistently. en-us Thu, 11 Jul 2019 00:00:00 +0530 Fri, 13 Dec 2019 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383352 The High Court allowed the appeal, holding that reopening an assessment without fresh material justifying the action would be considered a change of opinion and therefore legally invalid. The Court emphasized that the rigorous standards for reopening assessments should apply uniformly, regardless of whether the assessment was under Section 143(1) or 143(3). The Court cited legal precedents to establish that the expression "reason to believe" should be interpreted consistently. Case-Laws Income Tax Thu, 11 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383352