https://www.taxtmi.com/caselaws?id=427040 The court quashed the notice under Section 148 of the Income Tax Act, 1961, and all subsequent proceedings, citing that the reassessment was based on the same facts as the original assessment without any new material justifying it. The court found the notice unsustainable, as there was no failure to disclose material facts and the reassessment was deemed a mere change of opinion. The writ petition was allowed, emphasizing the lack of legal sustainability in the reassessment proceedings. en-us Mon, 29 Aug 2022 00:00:00 +0530 Wed, 31 Aug 2022 07:02:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427040 The court quashed the notice under Section 148 of the Income Tax Act, 1961, and all subsequent proceedings, citing that the reassessment was based on the same facts as the original assessment without any new material justifying it. The court found the notice unsustainable, as there was no failure to disclose material facts and the reassessment was deemed a mere change of opinion. The writ petition was allowed, emphasizing the lack of legal sustainability in the reassessment proceedings. Case-Laws Income Tax Mon, 29 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427040