https://www.taxtmi.com/caselaws?id=396056 The court ruled in favor of the petitioner, quashing the notice for reassessment under Section 148 of the Income Tax Act. It found that the reassessment was based on a mere change of opinion rather than new information. The court determined that the statutory requirements for reopening the assessment beyond four years were not met, as the petitioner had fully disclosed all necessary details during the original assessment. en-us Mon, 16 Mar 2020 00:00:00 +0530 Fri, 19 Jun 2020 17:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396056 The court ruled in favor of the petitioner, quashing the notice for reassessment under Section 148 of the Income Tax Act. It found that the reassessment was based on a mere change of opinion rather than new information. The court determined that the statutory requirements for reopening the assessment beyond four years were not met, as the petitioner had fully disclosed all necessary details during the original assessment. Case-Laws Income Tax Mon, 16 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396056