https://www.taxtmi.com/caselaws?id=444558 The HC determined that the reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961, were impermissible as they were based on a change of opinion, violating the principles under the Finance Act, 2021. Consequently, the court allowed the writ petition, setting aside the notices and impugned order, thereby nullifying the reassessment process. The matter was disposed of with instructions for compliance based on the digitally signed order. en-us Tue, 19 Sep 2023 00:00:00 +0530 Fri, 12 Jul 2024 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444558 The HC determined that the reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961, were impermissible as they were based on a change of opinion, violating the principles under the Finance Act, 2021. Consequently, the court allowed the writ petition, setting aside the notices and impugned order, thereby nullifying the reassessment process. The matter was disposed of with instructions for compliance based on the digitally signed order. Case-Laws Income Tax Tue, 19 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444558