https://www.taxtmi.com/caselaws?id=420958 The court held that the notice issued under section 148 of the Income Tax Act, 1961 for A.Y. 2014-15 and the rejection of objections to reopening were invalid. The court found that there was no failure on the petitioner's part to disclose material facts, rendering the reopening based on a change of opinion impermissible. Emphasizing the importance of valid reasons for reopening assessments, the court quashed the notice seeking to reopen the assessment and the order rejecting objections, reaffirming principles governing the reopening of assessments under the Income Tax Act. en-us Tue, 05 Apr 2022 00:00:00 +0530 Wed, 13 Apr 2022 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420958 The court held that the notice issued under section 148 of the Income Tax Act, 1961 for A.Y. 2014-15 and the rejection of objections to reopening were invalid. The court found that there was no failure on the petitioner's part to disclose material facts, rendering the reopening based on a change of opinion impermissible. Emphasizing the importance of valid reasons for reopening assessments, the court quashed the notice seeking to reopen the assessment and the order rejecting objections, reaffirming principles governing the reopening of assessments under the Income Tax Act. Case-Laws Income Tax Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420958