https://www.taxtmi.com/caselaws?id=285361 The court upheld the validity of the reassessment notices issued under Section 148 of the Income Tax Act, 1961, finding that the reasons recorded for reopening the assessment were lawful and supported by tangible material. The court rejected the petitioner's argument that the reassessment was a mere change of opinion, emphasizing the importance of specific and reliable information for reassessment. As a result, all writ petitions challenging the reassessment notices were dismissed for lacking merit. en-us Fri, 05 Apr 2019 00:00:00 +0530 Fri, 09 Oct 2020 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285361 The court upheld the validity of the reassessment notices issued under Section 148 of the Income Tax Act, 1961, finding that the reasons recorded for reopening the assessment were lawful and supported by tangible material. The court rejected the petitioner's argument that the reassessment was a mere change of opinion, emphasizing the importance of specific and reliable information for reassessment. As a result, all writ petitions challenging the reassessment notices were dismissed for lacking merit. Case-Laws Income Tax Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285361