Change of opinion not constitutes justification for Reopening

Lokhandwala Construction Industries Private Limited Vs DCIT (Bombay High Court)

In this case, during the original assessment proceedings, a notice dated 19^th October 2019 was issued under Section 142(1) of the Act by which petitioner was called upon to furnish copies of Index II(s) of three flats sold during the year. Petitioner responded by its letter dated 14^th November 2019 and provided copies of Index II of flats sold during the year. Therefore, it is abundantly clear that the second issue relating

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