High Court Quashes Income Tax Reassessment Notice u/s 147 Due to Lack of New Tangible Evidence. https://www.taxtmi.com/highlights?id=67711 Reopening of assessment u/s 147 - Reason to believe - change of opinion - the reassessment is being resorted to only on account of ‘change of opinion’ of the Assessment Officer without there being any fresh tangible evidence for reopening the assessment proceedings. - Notice quashed - HC en-us Sat, 14 Jan 2023 07:32:53 +0530 Sat, 14 Jan 2023 07:32:53 +0530 TaxTMI RSS Generator High Court Quashes Income Tax Reassessment Notice u/s 147 Due to Lack of New Tangible Evidence. https://www.taxtmi.com/highlights?id=67711 Reopening of assessment u/s 147 - Reason to believe - change of opinion - the reassessment is being resorted to only on account of ‘change of opinion’ of the Assessment Officer without there being any fresh tangible evidence for reopening the assessment proceedings. - Notice quashed - HC Highlights Income Tax Sat, 14 Jan 2023 07:32:53 +0530 https://www.taxtmi.com/highlights?id=67711