HC dismisses Reassessment Notice to Tata Sons Based on mere change of opinion

Tata Sons Limited Vs DCIT (Bombay High Court)

Bombay High Court find substance in the submission of Mr.Pardiwalla that the case at hand is nothing but an instance of mere change of opinion. A bare perusal of the reasons indicates that the exercise was infuenced by a mere change of opinion. To start with, it is imperative to note that the Assessing Officer has commenced the recording of reasons with the expression, “On perusal of records, it is seen that 10% of the eligible profits under section 10A we

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