https://www.taxtmi.com/caselaws?id=441745 The court found that the re-assessment notices issued to a partnership firm for the assessment years 2008-09 to 2011-12 were illegal and based on a mere change of opinion, not permissible under the Income Tax Act. The notice for the assessment year 2008-09 was also deemed time-barred as it was issued beyond the four-year limitation period and did not involve any failure to disclose material facts by the petitioner. Consequently, the court quashed the notices and the order, ruling in favor of the petitioner and against the revenue authorities. en-us Wed, 15 Feb 2023 00:00:00 +0530 Wed, 16 Aug 2023 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441745 The court found that the re-assessment notices issued to a partnership firm for the assessment years 2008-09 to 2011-12 were illegal and based on a mere change of opinion, not permissible under the Income Tax Act. The notice for the assessment year 2008-09 was also deemed time-barred as it was issued beyond the four-year limitation period and did not involve any failure to disclose material facts by the petitioner. Consequently, the court quashed the notices and the order, ruling in favor of the petitioner and against the revenue authorities. Case-Laws Income Tax Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441745