https://www.taxtmi.com/caselaws?id=430469 The court set aside the reassessment orders for the assessment years 2008-09 and 2009-10, finding them impermissible due to lack of jurisdiction, constituting a change of opinion, and being influenced by audit objections that cannot serve as a basis for reassessment. The court ruled that reassessment beyond the four-year limitation period was invalid as there was no failure on the part of the assessee to disclose material facts. The appeals were allowed with no costs imposed. en-us Thu, 01 Sep 2022 00:00:00 +0530 Mon, 16 Jan 2023 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430469 The court set aside the reassessment orders for the assessment years 2008-09 and 2009-10, finding them impermissible due to lack of jurisdiction, constituting a change of opinion, and being influenced by audit objections that cannot serve as a basis for reassessment. The court ruled that reassessment beyond the four-year limitation period was invalid as there was no failure on the part of the assessee to disclose material facts. The appeals were allowed with no costs imposed. Case-Laws Income Tax Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430469