https://www.taxtmi.com/caselaws?id=429829 The Court quashed the notice issued under Section 148 of the Income Tax Act, 1961 for reopening the assessment for AY 2014-15, as it was based on the same material already available and amounted to a mere change of opinion without any new tangible material. The Court found that there was no failure on the part of the assessee to disclose all material particulars, leading to the conclusion that the reassessment was unjustified. Consequently, the Court allowed the writ petition, nullifying the notice and subsequent proceedings without costs. en-us Thu, 03 Nov 2022 00:00:00 +0530 Mon, 26 Jun 2023 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429829 The Court quashed the notice issued under Section 148 of the Income Tax Act, 1961 for reopening the assessment for AY 2014-15, as it was based on the same material already available and amounted to a mere change of opinion without any new tangible material. The Court found that there was no failure on the part of the assessee to disclose all material particulars, leading to the conclusion that the reassessment was unjustified. Consequently, the Court allowed the writ petition, nullifying the notice and subsequent proceedings without costs. Case-Laws Income Tax Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429829