https://www.taxtmi.com/caselaws?id=776789 Reopening of assessment for issue of shares at premium was challenged as beyond four-year period and constituting merely a change of opinion. The High Court found no new or tangible material that was not disclosed earlier, so the reopening notice under the income tax law was treated as change of opinion and therefore unsustainable. The Supreme Court refused to exercise discretionary jurisdiction under constitutional powers and dismissed the special leave petition, leaving the High Court decision intact and the reopening notice quashed. en-us Mon, 11 Aug 2025 00:00:00 +0530 Tue, 10 Feb 2026 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776789 Reopening of assessment for issue of shares at premium was challenged as beyond four-year period and constituting merely a change of opinion. The High Court found no new or tangible material that was not disclosed earlier, so the reopening notice under the income tax law was treated as change of opinion and therefore unsustainable. The Supreme Court refused to exercise discretionary jurisdiction under constitutional powers and dismissed the special leave petition, leaving the High Court decision intact and the reopening notice quashed. Case-Laws Income Tax Mon, 11 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776789