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2022 (10) TMI 362 - SCH - Income TaxReopening of assessment u/s 147 - HELD THAT:- We have gone through the impugned judgment and order passed by the High Court by which the High Court [2019 (1) TMI 1345 - BOMBAY HIGH COURT] has quashed and set aside the re-assessment proceedings and re-opening of the assessment in exercise of powers under Sections 147/148 of the Income Tax Act. From the material on record, it can be seen that the re-opening of the assessment was solely on change of opinion of the Assessing Officer and therefore, the High Court has rightly set aside the same. We see no reason to interfere with the impugned judgment and order passed by the High Court. As such, we are in complete agreement with the view taken by the High Court setting aside the re-assessment proceedings/re-opening of the assessment.
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