https://www.taxtmi.com/caselaws?id=421564 The court set aside the notice issued under Section 148 of the Income-tax Act for the assessment year 1998-99, deeming the reopening attempt as "a mere change of opinion" and "wholly without jurisdiction." The Co-ordinate Bench dismissed the writ appeal for the assessment year 1997-98 due to casual exercise of reassessment powers. Regarding the 1998-99 assessment, the court directed the respondent to file objections and the assessing officer to proceed with a fair reassessment process, emphasizing adherence to legal restrictions. The matter was remanded for appropriate orders, ensuring compliance with the law. en-us Wed, 23 Mar 2022 00:00:00 +0530 Mon, 25 Sep 2023 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421564 The court set aside the notice issued under Section 148 of the Income-tax Act for the assessment year 1998-99, deeming the reopening attempt as "a mere change of opinion" and "wholly without jurisdiction." The Co-ordinate Bench dismissed the writ appeal for the assessment year 1997-98 due to casual exercise of reassessment powers. Regarding the 1998-99 assessment, the court directed the respondent to file objections and the assessing officer to proceed with a fair reassessment process, emphasizing adherence to legal restrictions. The matter was remanded for appropriate orders, ensuring compliance with the law. Case-Laws Income Tax Wed, 23 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421564