https://www.taxtmi.com/caselaws?id=434198 The court held that the reassessment proceedings were based on a change of opinion and lacked new tangible material, failing to comply with the jurisdictional foundation under section 147 of the Income Tax Act. Consequently, the notice for reopening the assessment and the order disposing of objections were set aside. The petition was allowed with no costs. en-us Wed, 08 Feb 2023 00:00:00 +0530 Sat, 18 Feb 2023 06:50:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434198 The court held that the reassessment proceedings were based on a change of opinion and lacked new tangible material, failing to comply with the jurisdictional foundation under section 147 of the Income Tax Act. Consequently, the notice for reopening the assessment and the order disposing of objections were set aside. The petition was allowed with no costs. Case-Laws Income Tax Wed, 08 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434198