https://www.taxtmi.com/caselaws?id=405159 The court held that the notice issued under Section 148 of the Income Tax Act, 1961, for reopening the assessment was without authority of law. The court quashed and set aside the impugned notice dated 27.03.2019, allowing the writ application. The court reiterated that reassessment based on a mere change of opinion is not permissible, and there must be tangible material indicating escapement of income to justify reopening the assessment. en-us Mon, 01 Mar 2021 00:00:00 +0530 Fri, 12 Mar 2021 08:39:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405159 The court held that the notice issued under Section 148 of the Income Tax Act, 1961, for reopening the assessment was without authority of law. The court quashed and set aside the impugned notice dated 27.03.2019, allowing the writ application. The court reiterated that reassessment based on a mere change of opinion is not permissible, and there must be tangible material indicating escapement of income to justify reopening the assessment. Case-Laws Income Tax Mon, 01 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405159