https://www.taxtmi.com/caselaws?id=302153 The court quashed the assessment order and demand notice, ruling that the reassessment lacked new material and was solely a change of opinion by the assessing officer, contrary to the requirement of having a reason to believe for reopening assessments post-April 1, 1989. The court emphasized preventing arbitrary exercise of power by the assessing officer. As a result, the assessment order and demand notice were quashed, and the writ petition was allowed without costs, with an urgent certified copy of the order directed to be issued as per rules. en-us Tue, 15 Feb 2022 00:00:00 +0530 Wed, 22 Feb 2023 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302153 The court quashed the assessment order and demand notice, ruling that the reassessment lacked new material and was solely a change of opinion by the assessing officer, contrary to the requirement of having a reason to believe for reopening assessments post-April 1, 1989. The court emphasized preventing arbitrary exercise of power by the assessing officer. As a result, the assessment order and demand notice were quashed, and the writ petition was allowed without costs, with an urgent certified copy of the order directed to be issued as per rules. Case-Laws Income Tax Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302153