https://www.taxtmi.com/caselaws?id=36315 The High Court of Madhya Pradesh quashed the notice under s. 148 of the Income Tax Act for reassessment of the assessment years 1975-76, 1976-77, and 1977-78. The court held that the assessing officer lacked jurisdiction to reopen the assessments based on a mere change of opinion without new information, citing legal precedent. The petitions were allowed, the notice for reassessment was quashed, and the refund of the security deposit was directed to the petitioner, with each party bearing their own costs. en-us Tue, 18 Mar 1980 00:00:00 +0530 Sat, 20 Mar 2010 15:21:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36315 The High Court of Madhya Pradesh quashed the notice under s. 148 of the Income Tax Act for reassessment of the assessment years 1975-76, 1976-77, and 1977-78. The court held that the assessing officer lacked jurisdiction to reopen the assessments based on a mere change of opinion without new information, citing legal precedent. The petitions were allowed, the notice for reassessment was quashed, and the refund of the security deposit was directed to the petitioner, with each party bearing their own costs. Case-Laws Income Tax Tue, 18 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36315