Re-Assessment cannot be based on Mere ‘Change of Opinion’: Telangana HC [Read Order]

By Navasree A.M - On December 23, 2022 12:51 pm - 2 mins read

The Telangana High Court (HC), bench of Chief Justice Ujjal Bhuyan and Justice Baskar Reddy in its recent ruling held that the reopening of assessment cannot be made by mere change of opinion. This appeal has been preferred by the revenue under Section 260A of the Income Tax Act, 1961 against the order passed by…

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Principal Commissioner of Income Tax vs Lanco Hills Technol Park Pvt Ltd

CITATION: 2022 TAXSCAN (HC) 1057

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