Bombay High Court Upholds Petitioners in Income Tax Reopening Challenge Due to Change of Opinion. Reassessment Proceedings Under Section 148 of Income Tax Act, 1961 Fail as No Tangible Material Showed Income Escapement Beyond Assessee's Explanation for Deduction of Compensation Payments.
26 Sep 2022The judgment concerns two writ petitions filed by a husband and wife challenging reassessment notices issued under the Income Tax Act, 1961 for assess...




