https://www.taxtmi.com/caselaws?id=421414 The Court quashed the notice issued under Section 148 of the Income Tax Act, 1961 for reopening the assessment for A.Y. 2014-15. The Court found that the reasons for reopening were known during the initial assessment, indicating a mere change of opinion without new material. It was determined that there was no failure in disclosure, and the objections raised against reopening were justified. As a result, the Court allowed the writ application, staying the implementation of the notice. en-us Tue, 05 Apr 2022 00:00:00 +0530 Sat, 23 Apr 2022 08:35:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421414 The Court quashed the notice issued under Section 148 of the Income Tax Act, 1961 for reopening the assessment for A.Y. 2014-15. The Court found that the reasons for reopening were known during the initial assessment, indicating a mere change of opinion without new material. It was determined that there was no failure in disclosure, and the objections raised against reopening were justified. As a result, the Court allowed the writ application, staying the implementation of the notice. Case-Laws Income Tax Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421414