https://www.taxtmi.com/caselaws?id=299566 The court held that the reopening of the assessment under Section 148 of the Income Tax Act was invalid as it constituted a change of opinion, which is impermissible. The court quashed the notice and order rejecting objections, emphasizing the need for new tangible material before reopening assessments. The principle that a mere change of opinion is not a valid ground for reassessment was upheld, and the rule was made absolute without costs. en-us Wed, 28 Sep 2016 00:00:00 +0530 Tue, 21 Dec 2021 08:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299566 The court held that the reopening of the assessment under Section 148 of the Income Tax Act was invalid as it constituted a change of opinion, which is impermissible. The court quashed the notice and order rejecting objections, emphasizing the need for new tangible material before reopening assessments. The principle that a mere change of opinion is not a valid ground for reassessment was upheld, and the rule was made absolute without costs. Case-Laws Income Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299566