https://www.taxtmi.com/caselaws?id=415601 The court quashed the notice issued under Section 148 of the Income Tax Act, 1961 to reopen the assessment for AY 2009-10 as it was deemed to be based on a change of opinion without new material. The petitioner's challenge was successful due to the lack of tangible material justifying the reassessment, with the court emphasizing the need for fresh evidence in such cases. The decision was influenced by a recent judgment that invalidated a similar notice under Section 148, leading to the court's ruling in favor of the petitioner without costs. en-us Wed, 10 Nov 2021 00:00:00 +0530 Fri, 24 Jun 2022 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415601 The court quashed the notice issued under Section 148 of the Income Tax Act, 1961 to reopen the assessment for AY 2009-10 as it was deemed to be based on a change of opinion without new material. The petitioner's challenge was successful due to the lack of tangible material justifying the reassessment, with the court emphasizing the need for fresh evidence in such cases. The decision was influenced by a recent judgment that invalidated a similar notice under Section 148, leading to the court's ruling in favor of the petitioner without costs. Case-Laws Income Tax Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415601