https://www.taxtmi.com/caselaws?id=409225 The court upheld the validity of the notice issued under Section 148 of the Income Tax Act, 1961, ruling that the reopening of assessment was not merely a change of opinion. It was determined that the production of Account Books or other evidence alone does not prevent the reopening of assessment in cases of underassessment. Consequently, the writ petition challenging the reopening of assessment was dismissed, affirming the decision to reopen the assessment. en-us Wed, 16 Jun 2021 00:00:00 +0530 Fri, 02 Jul 2021 08:59:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409225 The court upheld the validity of the notice issued under Section 148 of the Income Tax Act, 1961, ruling that the reopening of assessment was not merely a change of opinion. It was determined that the production of Account Books or other evidence alone does not prevent the reopening of assessment in cases of underassessment. Consequently, the writ petition challenging the reopening of assessment was dismissed, affirming the decision to reopen the assessment. Case-Laws Income Tax Wed, 16 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409225