https://www.taxtmi.com/caselaws?id=416911 The High Court quashed the notice issued under section 148 of the Income Tax Act, 1961, and the order rejecting objections to the reopening of assessment. The court found that the reasons for reopening indicated a change of opinion by the Assessing Officer, which was impermissible. The petitioner had provided all necessary details during the initial assessment, and the attempt to treat certain transactions differently during reassessment was deemed unjustified. The court ruled in favor of the petitioner, setting aside the notice and order, with no costs imposed. en-us Tue, 04 Jan 2022 00:00:00 +0530 Tue, 11 Jan 2022 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416911 The High Court quashed the notice issued under section 148 of the Income Tax Act, 1961, and the order rejecting objections to the reopening of assessment. The court found that the reasons for reopening indicated a change of opinion by the Assessing Officer, which was impermissible. The petitioner had provided all necessary details during the initial assessment, and the attempt to treat certain transactions differently during reassessment was deemed unjustified. The court ruled in favor of the petitioner, setting aside the notice and order, with no costs imposed. Case-Laws Income Tax Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416911