https://www.taxtmi.com/caselaws?id=766837 Gujarat HC held that reopening of assessment under section 147 was barred by limitation where Revenue relied on information already available on record without any new or tangible material. The court found assessee had fully disclosed all material facts during original assessment under section 143(3), including details of deductions claimed under Chapter VI-A. The AO's attempt to reopen assessment based on existing material constituted impermissible change of opinion rather than valid reassessment. Notice under section 148 was quashed, decision favored assessee. en-us Tue, 16 Jul 2024 00:00:00 +0530 Wed, 05 Mar 2025 07:49:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766837 Gujarat HC held that reopening of assessment under section 147 was barred by limitation where Revenue relied on information already available on record without any new or tangible material. The court found assessee had fully disclosed all material facts during original assessment under section 143(3), including details of deductions claimed under Chapter VI-A. The AO's attempt to reopen assessment based on existing material constituted impermissible change of opinion rather than valid reassessment. Notice under section 148 was quashed, decision favored assessee. Case-Laws Income Tax Tue, 16 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766837