https://www.taxtmi.com/caselaws?id=445058 The court allowed the petition, quashing the notice proposing to reopen the completed assessment for Assessment Year 2017-18 and the order disposing of objections. It ruled in favor of the petitioner, finding that the officer's decision to change his opinion regarding the exemption under Section 10 AA of the Income Tax Act was unjustified and contrary to established legal principles, particularly referencing the SC decision in CIT Vs. Kelvinator of India Ltd. The court deemed the notice based on a "change of opinion" rather than any substantive new information or legal basis. en-us Tue, 22 Aug 2023 00:00:00 +0530 Sat, 28 Oct 2023 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445058 The court allowed the petition, quashing the notice proposing to reopen the completed assessment for Assessment Year 2017-18 and the order disposing of objections. It ruled in favor of the petitioner, finding that the officer's decision to change his opinion regarding the exemption under Section 10 AA of the Income Tax Act was unjustified and contrary to established legal principles, particularly referencing the SC decision in CIT Vs. Kelvinator of India Ltd. The court deemed the notice based on a "change of opinion" rather than any substantive new information or legal basis. Case-Laws Income Tax Tue, 22 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445058