https://www.taxtmi.com/caselaws?id=418457 The court ruled in favor of the petitioner, setting aside the notice issued under Section 148 of the Income Tax Act for A.Y. 2013-14 and the order rejecting objections. The court emphasized the necessity for the respondent to prove the petitioner's failure to disclose all material facts for assessment. It found that the re-opening was based on a change of opinion by the Assessing Officer, which was deemed insufficient grounds for such action. The decision highlighted the importance of following legal procedures and principles to uphold fairness and transparency in tax assessments. en-us Wed, 19 Jan 2022 00:00:00 +0530 Thu, 17 Feb 2022 07:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418457 The court ruled in favor of the petitioner, setting aside the notice issued under Section 148 of the Income Tax Act for A.Y. 2013-14 and the order rejecting objections. The court emphasized the necessity for the respondent to prove the petitioner's failure to disclose all material facts for assessment. It found that the re-opening was based on a change of opinion by the Assessing Officer, which was deemed insufficient grounds for such action. The decision highlighted the importance of following legal procedures and principles to uphold fairness and transparency in tax assessments. Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418457