On a writ petition against the order of reassessment making a disallowance under section\u00a069A\u00a0of the\u00a0Income-tax Act, 1961\u00a0without disposing of the objections of the assessee for the reopening of the assessment. Allowing the petition the Court held that\u00a0\u00a0 the reassessment order was unsustainable since it was not based on any new material and constituted a mere change of opinion of the Assessing Officer. There was no new material on the basis of which the Assessing Officer could have formed a subjective satisfaction as to income that supposedly had escaped assessment under section\u00a0147. The Department was unable to dispute the fact that the reassessment order merely reproduced the notice under section\u00a0148\u00a0as a reasoning of the Assessing Officer which was entirely based on a reappreciation of the accounts. The reassessment order and the consequential demand notice issued under section\u00a0156\u00a0were quashed. (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 147 : Reassessment-No new tangible material-Order passed without disposing the objection-Change of opinion-Reassessment order mere reproduction of reasons recorded-Reassessment order was quashed. [S. 69A, 148, 156, Art. 226] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-32979","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8zV","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=32979"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32979\/revisions"}],"predecessor-version":[{"id":32980,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32979\/revisions\/32980"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}