https://www.taxtmi.com/caselaws?id=414274 The Court upheld the decision of the Single Bench, quashing the reassessment proceedings initiated by the Revenue based on a change of opinion without new material. The Court emphasized the necessity of fresh tangible material to justify reassessment, highlighting the importance of jurisdictional facts for valid reassessment. The Writ Appeal was dismissed, affirming the Single Bench's ruling and closing the related Miscellaneous Petition without costs. en-us Wed, 06 Oct 2021 00:00:00 +0530 Mon, 01 Nov 2021 07:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414274 The Court upheld the decision of the Single Bench, quashing the reassessment proceedings initiated by the Revenue based on a change of opinion without new material. The Court emphasized the necessity of fresh tangible material to justify reassessment, highlighting the importance of jurisdictional facts for valid reassessment. The Writ Appeal was dismissed, affirming the Single Bench's ruling and closing the related Miscellaneous Petition without costs. Case-Laws Income Tax Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414274