https://www.taxtmi.com/caselaws?id=423969 The Court quashed the impugned notice and subsequent proceedings under Section 148 and Section 147 for the assessment year 2010-11, citing that the reassessment was based on a change of opinion without valid grounds and no failure on the petitioner's part to disclose material facts during the initial assessment. The Court emphasized the necessity of establishing a genuine reason for reassessment and prohibited changes in opinion without fresh material after the statutory period's expiry. The writ petition was disposed of in favor of the petitioner, with no costs imposed on either party. en-us Wed, 15 Jun 2022 00:00:00 +0530 Fri, 09 Sep 2022 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423969 The Court quashed the impugned notice and subsequent proceedings under Section 148 and Section 147 for the assessment year 2010-11, citing that the reassessment was based on a change of opinion without valid grounds and no failure on the petitioner's part to disclose material facts during the initial assessment. The Court emphasized the necessity of establishing a genuine reason for reassessment and prohibited changes in opinion without fresh material after the statutory period's expiry. The writ petition was disposed of in favor of the petitioner, with no costs imposed on either party. Case-Laws Income Tax Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423969