https://www.taxtmi.com/caselaws?id=417431 The HC quashed the notice and order issued under Section 148 of the Income Tax Act, 1961, for reopening the assessment for A.Y. 2015-16. The court found that the reopening was based on an audit party's direction rather than the Assessing Officer's personal satisfaction, which is impermissible. It was determined that the petitioner had fully disclosed all necessary facts, and the reopening constituted a change of opinion. Consequently, the petition was allowed, and the impugned notice and order were set aside with no order as to costs. en-us Tue, 18 Jan 2022 00:00:00 +0530 Thu, 11 Jan 2024 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417431 The HC quashed the notice and order issued under Section 148 of the Income Tax Act, 1961, for reopening the assessment for A.Y. 2015-16. The court found that the reopening was based on an audit party's direction rather than the Assessing Officer's personal satisfaction, which is impermissible. It was determined that the petitioner had fully disclosed all necessary facts, and the reopening constituted a change of opinion. Consequently, the petition was allowed, and the impugned notice and order were set aside with no order as to costs. Case-Laws Income Tax Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417431