Reassessment for Change of opinion not objected during Assessment- HC dismisses writ petition

M/s. Hanon Automotive Systems India Private Limited Vs DCIT (Madras High Court) Having heard the learned counsel appearing for the appellant, we are satisfied that there is no merit in the present writ appeals and the same deserve to be dismissed for the following reasons. Firstly, we may observe that the learned Single Judge was absolutely right in holding that the Assessee, having not raised an objection before the Assessing Authority to the re-opening of the assessment under Section 147/148 of the Act, should be deemed to have acquiesced to the same. Nothing prevented the Assessee from rais...