https://www.taxtmi.com/caselaws?id=392395 The court found that the notice under Section 148 of the Income Tax Act was not without jurisdiction. However, it emphasized that any order under Section 147 must adhere to established legal principles and cannot be based on a mere change of opinion if there was full and true disclosure initially. The court directed the petitioner to participate in the reassessment process, allowing the respondent to make appropriate decisions in line with Supreme Court rulings and legal principles. The reassessment was to be completed within three months, with the petitioner having the opportunity to present their case. The writ petition was disposed of without costs, and the connected miscellaneous petition was closed. en-us Tue, 28 Jan 2020 00:00:00 +0530 Wed, 19 Feb 2020 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392395 The court found that the notice under Section 148 of the Income Tax Act was not without jurisdiction. However, it emphasized that any order under Section 147 must adhere to established legal principles and cannot be based on a mere change of opinion if there was full and true disclosure initially. The court directed the petitioner to participate in the reassessment process, allowing the respondent to make appropriate decisions in line with Supreme Court rulings and legal principles. The reassessment was to be completed within three months, with the petitioner having the opportunity to present their case. The writ petition was disposed of without costs, and the connected miscellaneous petition was closed. Case-Laws Income Tax Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392395