https://www.taxtmi.com/caselaws?id=417023 The Court quashed the notice under section 148 of the Income Tax Act,1961 and the order dealing with objections, ruling in favor of the petitioner due to the non-application of mind in recording reasons for reopening and errors in the process. The Court held that the reassessment was impermissible as it was based on the same material from the original assessment, amounting to a change of opinion. The Court emphasized the importance of proper application of mind in such matters and set aside the entire proceedings, making the rule absolute with no order as to costs. en-us Thu, 06 Jan 2022 00:00:00 +0530 Thu, 13 Jan 2022 09:00:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417023 The Court quashed the notice under section 148 of the Income Tax Act,1961 and the order dealing with objections, ruling in favor of the petitioner due to the non-application of mind in recording reasons for reopening and errors in the process. The Court held that the reassessment was impermissible as it was based on the same material from the original assessment, amounting to a change of opinion. The Court emphasized the importance of proper application of mind in such matters and set aside the entire proceedings, making the rule absolute with no order as to costs. Case-Laws Income Tax Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417023