Initiation of Reassessment based on change of opinion not valid

HIGH COURT OF GUJARAT Ashwamegh Co.Op. Hous. Soc. Ltd. versus Deputy Commissioner of Income-tax Special Civil Application Nos. 12598, 12600 & 12614 of 2012 NOVEMBER 6, 2012 JUDGMENT Akil Kureshi, J. These petitions arising in common back-ground have been heard together and are being finally disposed of by this common judgment. 2. Petitioners, in all the petitions, have challenged notices issued by the Assessing Officer under Section 148 of the Income Tax Act,1961 (for short ‘the Act’) of the completed assessments. We may notice the facts as emerging from the...