https://www.taxtmi.com/caselaws?id=436171 The HC ruled in favor of the appellant, a partnership firm in the rice industry, by invalidating the reopening of its assessment under Section 148 of the Income Tax Act, 1961. The Court found the reopening to be based on a change of opinion, which is impermissible, as the initial assessment had accepted the outstanding Rural Development Cess as a liability. Consequently, the assessment order adding the RD Cess to the appellant's income was set aside, and the second issue regarding the cess's classification was deemed unnecessary to address. en-us Wed, 15 Feb 2023 00:00:00 +0530 Tue, 07 Apr 2026 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436171 The HC ruled in favor of the appellant, a partnership firm in the rice industry, by invalidating the reopening of its assessment under Section 148 of the Income Tax Act, 1961. The Court found the reopening to be based on a change of opinion, which is impermissible, as the initial assessment had accepted the outstanding Rural Development Cess as a liability. Consequently, the assessment order adding the RD Cess to the appellant's income was set aside, and the second issue regarding the cess's classification was deemed unnecessary to address. Case-Laws Income Tax Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436171