https://www.taxtmi.com/caselaws?id=773376 Gujarat HC quashed reassessment notice under Section 148 for AY 2016-17, ruling that revenue lacked valid "reason to believe" under Section 147 as the same grounds were already scrutinized in original assessment dated 24.12.2018. Court held reassessment was based on mere change of opinion, not permissible under law. Applied Kelvinator precedent, distinguishing Rajesh Jhaveri and Raymond Woolen Mills cases. All relevant information was available during original assessment proceedings, making reassessment invalid. en-us Fri, 25 Apr 2025 00:00:00 +0530 Sat, 21 Jun 2025 08:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773376 Gujarat HC quashed reassessment notice under Section 148 for AY 2016-17, ruling that revenue lacked valid "reason to believe" under Section 147 as the same grounds were already scrutinized in original assessment dated 24.12.2018. Court held reassessment was based on mere change of opinion, not permissible under law. Applied Kelvinator precedent, distinguishing Rajesh Jhaveri and Raymond Woolen Mills cases. All relevant information was available during original assessment proceedings, making reassessment invalid. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773376