https://www.taxtmi.com/caselaws?id=384548 The court quashed the notice issued under section 148 of the Income Tax Act, 1961, for reopening the assessment for A.Y. 2013-14. It held that the reassessment lacked new tangible material and was based on a mere change of opinion, rendering it illegal and without jurisdiction. The court found the original assessment had already considered all relevant facts, making the reopening unjustified. The court ruled the notice as bad in law and set it aside, with no costs awarded. en-us Mon, 05 Aug 2019 00:00:00 +0530 Wed, 14 Aug 2019 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384548 The court quashed the notice issued under section 148 of the Income Tax Act, 1961, for reopening the assessment for A.Y. 2013-14. It held that the reassessment lacked new tangible material and was based on a mere change of opinion, rendering it illegal and without jurisdiction. The court found the original assessment had already considered all relevant facts, making the reopening unjustified. The court ruled the notice as bad in law and set it aside, with no costs awarded. Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384548