https://www.taxtmi.com/caselaws?id=408660 The court ruled in favor of the petitioner, quashing the communication overruling objections against reopening the income tax assessment for Assessment Year 2009-2010. It held that the reassessment was based on a change of opinion rather than new facts, finding that the petitioner had not failed to disclose all necessary material facts for assessment. The court determined that the respondent's actions were not valid grounds for reassessment under the Income Tax Act, 1961. en-us Thu, 27 May 2021 00:00:00 +0530 Thu, 17 Jun 2021 11:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408660 The court ruled in favor of the petitioner, quashing the communication overruling objections against reopening the income tax assessment for Assessment Year 2009-2010. It held that the reassessment was based on a change of opinion rather than new facts, finding that the petitioner had not failed to disclose all necessary material facts for assessment. The court determined that the respondent's actions were not valid grounds for reassessment under the Income Tax Act, 1961. Case-Laws Income Tax Thu, 27 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408660