https://www.taxtmi.com/caselaws?id=765235 The HC held that the notice issued under section 148 of the Income Tax Act, 1961, for reopening the assessment of the Assessment Year 2016-17 was invalid. The Court found that the notice was based on a mere change of opinion by the Assessing Officer, as the same facts had been considered during the original assessment. The Court emphasized that reopening an assessment requires new tangible material or information. Consequently, the Court quashed the notice and ruled in favor of the petitioner, with no order as to costs. en-us Mon, 20 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765235 The HC held that the notice issued under section 148 of the Income Tax Act, 1961, for reopening the assessment of the Assessment Year 2016-17 was invalid. The Court found that the notice was based on a mere change of opinion by the Assessing Officer, as the same facts had been considered during the original assessment. The Court emphasized that reopening an assessment requires new tangible material or information. Consequently, the Court quashed the notice and ruled in favor of the petitioner, with no order as to costs. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765235