https://www.taxtmi.com/caselaws?id=763072 Delhi HC quashed reassessment notice under Section 148, holding that formation of opinion under Section 147 cannot be of changing nature. Court found that since petitioner did not directly receive remittances from DSNE CGHS, there was no obligation to disclose in return of income. Reassessment requires failure to make full and true disclosure of material facts. Writ petition allowed, notice quashed, but respondents permitted to initiate fresh proceedings if legally permissible. en-us Thu, 05 Dec 2024 00:00:00 +0530 Thu, 12 Dec 2024 08:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763072 Delhi HC quashed reassessment notice under Section 148, holding that formation of opinion under Section 147 cannot be of changing nature. Court found that since petitioner did not directly receive remittances from DSNE CGHS, there was no obligation to disclose in return of income. Reassessment requires failure to make full and true disclosure of material facts. Writ petition allowed, notice quashed, but respondents permitted to initiate fresh proceedings if legally permissible. Case-Laws Income Tax Thu, 05 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763072