Dismissing the petition the Court held that when the original assessment have been completed under section 143(1 ) ,there no need fresh tangible material for reopening of assessment and further the doctrine of change of opinion does not arise . ( WP.(C ). 11862/ 2022 dt 22-8 2022 ) (AY. 2018 -19 )
Ernst and Young U.S .LLP v . ACIT ( 2022) 449 ITR 425/ (2023) 146 taxmann.com 64 /( 2022) The Chamber’s Journal – September – P. 125( Delhi)(HC)
S. 148A: Reassessment – Conducting inquiry, providing opportunity before issue of notice – Professional income not shown – Assessment u/s 143(1) -Reassessment notice is valid – DTAA- India -USA . [ Art , 15 , Art.226 ]