https://www.taxtmi.com/caselaws?id=433951 The Court held that the notice issued under Section 148 of the Income Tax Act for reopening the assessment was unsustainable as the reassessment proceedings were deemed a mere change of opinion without new material. The Court found that the original assessment had considered all relevant information, and the lack of an agreement between parties was not new. Consequently, the Court allowed the Petition, setting aside the notice and associated proceedings without awarding costs. en-us Fri, 10 Feb 2023 00:00:00 +0530 Mon, 14 Aug 2023 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433951 The Court held that the notice issued under Section 148 of the Income Tax Act for reopening the assessment was unsustainable as the reassessment proceedings were deemed a mere change of opinion without new material. The Court found that the original assessment had considered all relevant information, and the lack of an agreement between parties was not new. Consequently, the Court allowed the Petition, setting aside the notice and associated proceedings without awarding costs. Case-Laws Income Tax Fri, 10 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433951