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2018 (11) TMI 601 - HC - Income TaxReopening of assessment - reopening relying on audit objection - Held that:- This court is of the opinion that Carlton (2009 (8) TMI 57 - DELHI HIGH COURT) concludes the issue in the present case ; the audit objection merely is an information. As reiterated in Kelvinator (2010 (1) TMI 11 - SUPREME COURT OF INDIA) by the Supreme court, change of information is impermissible. The Revenue was clearly barred by the provisions of section 147/148 of the Act. The impugned reassessment notice dated March 30, 2017, cannot be sustained. It is hereby quashed ; all consequential proceedings issued and conducted pursuant to the said reassessment notice are also hereby quashed.
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