https://www.taxtmi.com/caselaws?id=400695 The Tribunal allowed the appeal, ruling that the reassessment notice issued under Section 148 was invalid as it was initiated after four years without new material evidence. The appellant had fully disclosed all relevant information during the original assessment, and the reassessment was deemed impermissible as it was based on a change of opinion. Therefore, the reassessment proceedings were quashed, and the appeal was decided in favor of the appellant. en-us Thu, 16 Jul 2020 00:00:00 +0530 Fri, 13 Nov 2020 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400695 The Tribunal allowed the appeal, ruling that the reassessment notice issued under Section 148 was invalid as it was initiated after four years without new material evidence. The appellant had fully disclosed all relevant information during the original assessment, and the reassessment was deemed impermissible as it was based on a change of opinion. Therefore, the reassessment proceedings were quashed, and the appeal was decided in favor of the appellant. Case-Laws Income Tax Thu, 16 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400695