https://www.taxtmi.com/caselaws?id=416910 The court allowed the petition, quashed the notice under Section 148 of the Income Tax Act 1961 for A.Y.-2013-2014, and set aside the order disposing of objections against reassessment proceedings. It was held that the reasons provided for reopening the assessment amounted to a change of opinion rather than a valid reason to believe income had escaped assessment. The court emphasized that the assessee had fully disclosed all material facts during the original assessment, and the assessment was being sought to be reopened due to a change of opinion by the Assessing Officer. en-us Mon, 03 Jan 2022 00:00:00 +0530 Tue, 11 Jan 2022 08:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416910 The court allowed the petition, quashed the notice under Section 148 of the Income Tax Act 1961 for A.Y.-2013-2014, and set aside the order disposing of objections against reassessment proceedings. It was held that the reasons provided for reopening the assessment amounted to a change of opinion rather than a valid reason to believe income had escaped assessment. The court emphasized that the assessee had fully disclosed all material facts during the original assessment, and the assessment was being sought to be reopened due to a change of opinion by the Assessing Officer. Case-Laws Income Tax Mon, 03 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416910