https://www.taxtmi.com/caselaws?id=418455 The High Court ruled in favor of the petitioner, holding that the Assessing Officer lacked authority to reopen assessment proceedings based on a change of opinion without any undisclosed material facts. The court emphasized that when all primary facts were disclosed during the original assessment, reassessment on a different interpretation was impermissible. As a result, the notice dated 31st March 2019 and the order dated 22nd November 2019 were quashed, and the petition was disposed of in favor of the petitioner. en-us Mon, 20 Dec 2021 00:00:00 +0530 Thu, 17 Feb 2022 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418455 The High Court ruled in favor of the petitioner, holding that the Assessing Officer lacked authority to reopen assessment proceedings based on a change of opinion without any undisclosed material facts. The court emphasized that when all primary facts were disclosed during the original assessment, reassessment on a different interpretation was impermissible. As a result, the notice dated 31st March 2019 and the order dated 22nd November 2019 were quashed, and the petition was disposed of in favor of the petitioner. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418455