https://www.taxtmi.com/caselaws?id=413414 The court held that the reopening of the assessment under Section 148 of the Income Tax Act was invalid as it did not meet the statutory requirements. The Petitioner had fully disclosed all material facts necessary for assessment, and the reassessment was deemed to be based on a change of opinion by the Assessing Officer, which was impermissible. Consequently, the court quashed the notice and order, ruling in favor of the Petitioner and disposing of the writ petition without costs. en-us Thu, 30 Sep 2021 00:00:00 +0530 Tue, 07 Apr 2026 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413414 The court held that the reopening of the assessment under Section 148 of the Income Tax Act was invalid as it did not meet the statutory requirements. The Petitioner had fully disclosed all material facts necessary for assessment, and the reassessment was deemed to be based on a change of opinion by the Assessing Officer, which was impermissible. Consequently, the court quashed the notice and order, ruling in favor of the Petitioner and disposing of the writ petition without costs. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413414