https://www.taxtmi.com/caselaws?id=39351 The Kerala High Court quashed reassessment notices issued under Section 148 of the Income-tax Act, 1961, for assessment years 1961-62, 1962-63, and 1963-64. The Court held that the assessee had disclosed all primary facts, and the Income-tax Officer had made inquiries before the original assessment. The Court emphasized that reassessment under Section 147(a) is not warranted solely based on a change of opinion by the ITO, aligning with Supreme Court precedents. The decision set aside the notices and allowed the appeals with costs. en-us Tue, 26 Aug 1975 00:00:00 +0530 Thu, 15 Apr 2010 17:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39351 The Kerala High Court quashed reassessment notices issued under Section 148 of the Income-tax Act, 1961, for assessment years 1961-62, 1962-63, and 1963-64. The Court held that the assessee had disclosed all primary facts, and the Income-tax Officer had made inquiries before the original assessment. The Court emphasized that reassessment under Section 147(a) is not warranted solely based on a change of opinion by the ITO, aligning with Supreme Court precedents. The decision set aside the notices and allowed the appeals with costs. Case-Laws Income Tax Tue, 26 Aug 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39351