https://www.taxtmi.com/caselaws?id=28916 The High Court quashed the notices issued under section 148 of the Income Tax Act for the assessment years 1972-73 to 1974-75. The court agreed with the petitioners that the reasons for reopening the assessments were based on an erroneous change of opinion by the Income Tax Officer, lacking new information or grounds for reassessment. Thus, the court found in favor of the petitioners, holding that the notices were unjustified and ordered their cancellation. en-us Fri, 16 Jul 1982 00:00:00 +0530 Mon, 08 Mar 2010 16:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28916 The High Court quashed the notices issued under section 148 of the Income Tax Act for the assessment years 1972-73 to 1974-75. The court agreed with the petitioners that the reasons for reopening the assessments were based on an erroneous change of opinion by the Income Tax Officer, lacking new information or grounds for reassessment. Thus, the court found in favor of the petitioners, holding that the notices were unjustified and ordered their cancellation. Case-Laws Income Tax Fri, 16 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28916