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High Court Quashes Income Tax Reassessment Notice. Reassessment Blocked Due to Audit Objection Constituting Change of Opinion.

The Bombay High Court at Goa quashed a notice issued under Section 148-A(b) of the Income Tax Act, 1961, to Shri Dilip Laximan Powar. The court found ...

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High Court of Bombay at Goa Quashes Reassessment Notice Issued to Shri Dilip Laximan Powar. Court rules that the notice under Section 148-A(b) of the Income Tax Act was invalid due to the change of opinion, emphasizing the importance of consistent and fair application of tax law.

The High Court of Bombay at Goa, quashed a reassessment notice issued under Section 148-A(b) of the Income Tax Act, 1961. The petitioner, Shri Dilip L...