https://www.taxtmi.com/caselaws?id=420959 The High Court held that the reassessment for A.Y. 2015-16, based on the same material facts as the original assessment, amounted to a change of opinion, not permissible under the law. The court emphasized that reassessment cannot be initiated solely due to a change of opinion after a specific period has lapsed from the original assessment. Consequently, the court quashed the notice seeking to reopen the assessment and the subsequent order rejecting objections, highlighting the importance of adhering to legal provisions regarding reassessment. en-us Tue, 05 Apr 2022 00:00:00 +0530 Fri, 20 Feb 2026 17:21:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420959 The High Court held that the reassessment for A.Y. 2015-16, based on the same material facts as the original assessment, amounted to a change of opinion, not permissible under the law. The court emphasized that reassessment cannot be initiated solely due to a change of opinion after a specific period has lapsed from the original assessment. Consequently, the court quashed the notice seeking to reopen the assessment and the subsequent order rejecting objections, highlighting the importance of adhering to legal provisions regarding reassessment. Case-Laws Income Tax Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420959