https://www.taxtmi.com/caselaws?id=755226 Reopening of assessment beyond four years based on rise in share premium was held to be impermissible where the assessing officer had already considered that issue during the original scrutiny and the assessee had fully disclosed relevant details. Because no new or tangible material emerged after the conclusion of assessment, the reopening notice under section 148 amounted to a mere change of opinion and could not sustain; consequence: the reopening was rejected and the taxpayer prevailed on this point. en-us Fri, 14 Jun 2024 00:00:00 +0530 Tue, 10 Feb 2026 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755226 Reopening of assessment beyond four years based on rise in share premium was held to be impermissible where the assessing officer had already considered that issue during the original scrutiny and the assessee had fully disclosed relevant details. Because no new or tangible material emerged after the conclusion of assessment, the reopening notice under section 148 amounted to a mere change of opinion and could not sustain; consequence: the reopening was rejected and the taxpayer prevailed on this point. Case-Laws Income Tax Fri, 14 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755226