https://www.taxtmi.com/highlights?id=73033 Validity of reopening of assessment u/s 147 - reason to believe - As prima-facie the information which formed the basis of re-opening itself does not fall within the meaning of the term ‘information’ under the 1st Explanation to Section 148 of the Act and hence, the re-opening is not permissible as it clearly falls within the purview of a ‘change of opinion’ which is impermissible in law. - HC en-us Sun, 12 Nov 2023 00:47:51 +0530 Sun, 12 Nov 2023 00:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73033 Validity of reopening of assessment u/s 147 - reason to believe - As prima-facie the information which formed the basis of re-opening itself does not fall within the meaning of the term ‘information’ under the 1st Explanation to Section 148 of the Act and hence, the re-opening is not permissible as it clearly falls within the purview of a ‘change of opinion’ which is impermissible in law. - HC Highlights Income Tax Sun, 12 Nov 2023 00:47:51 +0530 https://www.taxtmi.com/highlights?id=73033