https://www.taxtmi.com/caselaws?id=28675 The court concluded that the reassessment proceedings were initiated based on a mere change of opinion and not on any new information or material. The court set aside the impugned notice and the proceedings initiated under Section 148 of the Income Tax Act, 1961, and made the rule absolute. The court also applied the same reasoning and findings to other related assessment years. The prayer for stay of operation of the order was refused. en-us Thu, 18 Mar 1982 00:00:00 +0530 Wed, 24 Feb 2010 17:07:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28675 The court concluded that the reassessment proceedings were initiated based on a mere change of opinion and not on any new information or material. The court set aside the impugned notice and the proceedings initiated under Section 148 of the Income Tax Act, 1961, and made the rule absolute. The court also applied the same reasoning and findings to other related assessment years. The prayer for stay of operation of the order was refused. Case-Laws Income Tax Thu, 18 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28675