Change of Opinion not Grounds for Income Escaping Assessment: Bombay HC

Geopreneur Realty Private Limited Vs Union of India Through the Secretary (Bombay High Court)

The Bombay High Court recently addressed the issue of reopening assessments based on a change of opinion in the case of Geopreneur Realty Private Limited vs. Union of India. The petitioner contested a notice dated March 30, 2021, issued under Section 148 of the Income Tax Act for the Assessment Year 2017-2018.

Background: Geopreneur Realty Private Limited, engage

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