Rampal Samdani v. UOI, NEAC (2023)454 ITR 380/330 CTR 672/222 DTR 137 /148 taxmann.com 114 (Raj)(HC)

S.147: Reassessment-After the expiry of four years-No new tangible material-Change of opinion-Impermissible-Notice and all subsequent Proceedings are quashed. [S. 148, Art. 226]

Allowing the petition the court held that all the facts pertaining to the sale of immovable property were  disclosed  therefore  there was  no justification for invoking the proviso to section 147 to initiate reassessment proceedings after a period of four years. Notice  and  all subsequent Proceedings are quashed. (AY. 2013-14)