SC Upholds Delhi HC Ruling as Reassessment Was Based on Changing Grounds

PCIT Vs Jyoti Bhatia (Supreme Court of India) SC Refuses to Interfere Because Tax Department Changed Reasons in Reassessment Proceedings; SC Confirms Reassessment Cannot Continue Because Final Order Introduced New Allegations; SC Dismisses SLP Because Section 148 Reopening Was Based on Changing Opinion; SC Upholds Quashing of Section 148 Notice Because Original Reasons Were Altered Later. The Supreme Court dismissed the Special Leave Petition filed against the Delhi High Court judgment that had quashed reassessment proceedings initiated under Sections 148A(d) and 148 of the Income Tax Act, 196...