SC Dismisses Revenue’s Appeal: Reopening Notice Invalid due to change of Opinion

ITO Vs Hemanshu Ramniklal Shah (Supreme Court of India)

The Supreme Court of India recently dismissed a Special Leave Petition filed by the Income Tax Officer (ITO) against Hemanshu Ramniklal Shah, thereby upholding a decision by the Gujarat High Court. The case centered on the Income Tax Department’s attempt to reopen an assessment for the Assessment Year 2011-12, a move successfully challenged by the assessee in the Gujarat High Court.

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