https://www.taxtmi.com/highlights?id=74439 Reassessment cannot be justified merely by a change in the opinion of the Assessing Officer, especially when all relevant information was already considered in the original assessment. The court emphasized that reopening of assessment requires tangible material suggesting income escapement, which was not present in this case. - Notice issued u/s 148 for reassessment u/s 147 qashed - HC en-us Mon, 29 Jan 2024 07:52:53 +0530 Mon, 29 Jan 2024 07:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74439 Reassessment cannot be justified merely by a change in the opinion of the Assessing Officer, especially when all relevant information was already considered in the original assessment. The court emphasized that reopening of assessment requires tangible material suggesting income escapement, which was not present in this case. - Notice issued u/s 148 for reassessment u/s 147 qashed - HC Highlights Income Tax Mon, 29 Jan 2024 07:52:53 +0530 https://www.taxtmi.com/highlights?id=74439