https://www.taxtmi.com/caselaws?id=420961 The Court allowed the Petition, setting aside the notice issued under Section 148 of the Income Tax Act, 1961. The Court found that the reasons for reopening the assessment constituted a clear case of impermissible change of opinion, as the issue had already been considered in the original assessment order and in previous revision proceedings under Section 263. The Court emphasized the importance of adhering to legal procedures and prohibiting assessments based on mere changes of opinion, underscoring the need for assessing officers to act in accordance with the law. en-us Thu, 07 Apr 2022 00:00:00 +0530 Thu, 14 Apr 2022 08:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420961 The Court allowed the Petition, setting aside the notice issued under Section 148 of the Income Tax Act, 1961. The Court found that the reasons for reopening the assessment constituted a clear case of impermissible change of opinion, as the issue had already been considered in the original assessment order and in previous revision proceedings under Section 263. The Court emphasized the importance of adhering to legal procedures and prohibiting assessments based on mere changes of opinion, underscoring the need for assessing officers to act in accordance with the law. Case-Laws Income Tax Thu, 07 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420961