https://www.taxtmi.com/caselaws?id=412800 The court held that the reopening of the assessment under Section 148 of the Income Tax Act, 1961 for the Assessment Year 2011-12 was invalid. It was deemed as a change of opinion by the Assessing Officer, as the necessary facts were already on record during the original comprehensive assessment. The court concluded that there was no failure on the part of the assessee to disclose all material facts, leading to the allowance of the writ appeal, setting aside the previous order, and quashing the reassessment proceedings. en-us Thu, 09 Sep 2021 00:00:00 +0530 Tue, 22 Feb 2022 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412800 The court held that the reopening of the assessment under Section 148 of the Income Tax Act, 1961 for the Assessment Year 2011-12 was invalid. It was deemed as a change of opinion by the Assessing Officer, as the necessary facts were already on record during the original comprehensive assessment. The court concluded that there was no failure on the part of the assessee to disclose all material facts, leading to the allowance of the writ appeal, setting aside the previous order, and quashing the reassessment proceedings. Case-Laws Income Tax Thu, 09 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412800