{"id":332122,"date":"2024-09-30T12:00:18","date_gmt":"2024-09-30T06:30:18","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=332122"},"modified":"2024-10-17T11:16:39","modified_gmt":"2024-10-17T05:46:39","slug":"assessing-officer-cannot-issue-reassessment-notice-under-section-148-on-mere-change-of-opinion-for-material-already-scrutinised-guj-hc","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/09\/30\/assessing-officer-cannot-issue-reassessment-notice-under-section-148-on-mere-change-of-opinion-for-material-already-scrutinised-guj-hc\/","title":{"rendered":"Can income-tax reassessment notice under S. 148 be issued on ‘change of opinion’ for material scrutinised in previous assessment? Gujarat HC answers"},"content":{"rendered":"
\n

Gujarat High Court:<\/span> In a special civil application challenging notice under Section 148<\/a> of the Income Tax Act, 1961<\/a> (‘the Act’) to reopen the income-tax assessment for the assessment year 2016-17, the Division Bench of Bhargav D. Karia and Niral R. Mehta allowed the petition and quashed the impugned notice issued under Section 148<\/a> of the Act<\/a>, opining that formation of opinion by the Assessing Officer on basis of the material already available on record and\/or the material which were already considered by the then Assessing Officer, was only ‘change of opinion’.<\/p>\n

Factual Matrix<\/h3>\n

The petitioner sold an immovable property along with other co-owners for an undefined consideration of Rs. 12,35,90,464\/-, wherein the petitioner’s share was Rs.2,83,54,388\/-. The petitioner having made a specific investment, claimed a deduction of Rs. 01,33,02,123\/- under Section 54-F<\/a> of the Act<\/a>. Details of such investment are reflected in the return of income for the year 2016-17, in which a total income of Rs. 88,84,560\/- was declared. The respondent authority vide notice under Section 142(1)<\/a> of the Act<\/a> called upon the petitioner to furnish various details including justification of sale consideration of Rs. 2,83,54,388\/- and purchase deed of residential property of Rs. 1,33,02,123\/- to establish genuineness of deduction under Section 54<\/a> of the Act<\/a>. The petitioner furnished the required details and information. The then Assessing Officer having satisfied himself, framed the assessment under Section 143(3)<\/a> of the Act<\/a> vide order dated 15-12-2018 without disturbing the original income declared by the petitioner. However, in 2021 a notice was issued by the Revenue under Section 148<\/a> of the Act<\/a> for reopening the case for the year 2016-17.<\/p>\n

Issue<\/h3>\n

Whether the impugned notice under Section 148<\/a> of the Act<\/a> was legal and justified?<\/h3>\n

Analysis and Decision<\/h3>\n

On perusal of the reasons recorded by the Revenue for reopening of the assessment, the Court noted that the main ground mentioned that the petitioner was not entitled for claiming deduction under Section 54-F<\/a> of the Act<\/a> and the details for sale of immovable property and purchase of new property were without any supporting evidence.<\/p>\n

Considering the abovementioned ground and submission of documents by the assessee, the Court opined that at the time of filing the original return and thereafter in the scrutiny, the petitioner had already furnished the requisite details about the transaction of sale and purchase of immovable property and the working of capital gain along with all the necessary evidence, hence, formation of opinion by the Assessing Officer on basis of the material already available on record and\/or the material which were already considered by the then Assessing Officer, was nothing but a ‘change of opinion’. The Court pointed out that no new information and\/or any tangible material was found. Thus, the formation of any opinion based on the same facts and circumstances which were then available to the Assessing Officer at the time of scrutiny was change of opinion and thereby the same is not permissible.<\/p>\n

Apropos, the Court relied on CIT<\/span> v. Kelvinator of India Ltd.<\/span>, (2010) 2 SCC 723<\/a> wherein it was laid down that the Assessing Officer has no power to review; he has the power to re-assess, but re-assessment has to be based on fulfilment of certain pre-condition and if the concept of “change of opinion” is removed, then, in the garb of re-opening the assessment, the review would take place. One must treat the concept of “change of opinion” as an in-built test to check abuse of power by the Assessing Officer.<\/span><\/p>\n

[Hareshkumar Bhupatbhai Panchani v. Income Tax Officer, 2024 SCC OnLine Guj 3674<\/a>, decided on: 17-09-2024<\/span>]<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Documents relating to proof of deduction under Section 54F of the Act; Bank statement showing payment for above deduction; Statement justifying sale consideration; Working of capital gain were all furnished by the assessee.<\/p>\n","protected":false},"author":67517,"featured_media":314807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,10],"tags":[31394,73591,52772,3096,2592,13081,21474,19861],"class_list":["post-332122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-highcourts","tag-assessing-officer","tag-change-of-opinion","tag-gujarat-hc","tag-Gujarat_High_Court","tag-Income_Tax","tag-income-tax-act","tag-reassessment","tag-section-148"],"yoast_head":"\nCan income-tax reassessment under S. 148 be issued on 'change of opinion' for material scrutinised in previous assessment? 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Hence, the subsequent assessment completed by ITO, Ward 4(1), Gurgaon, based on this notice was legally flawed.\u201d","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Income Tax Appellate Tribunal","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Income-Tax-Appellate-Tribunal.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Income-Tax-Appellate-Tribunal.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Income-Tax-Appellate-Tribunal.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Income-Tax-Appellate-Tribunal.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":325824,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/07\/05\/delhi-hc-quashes-reassessment-notice-issued-assessing-officer-mere-change-opinion\/","url_meta":{"origin":332122,"position":1},"title":"\u2018Two different conclusions drawn on same material\u2019; Delhi HC quashes reassessment notice issued by Assessing Officer on a mere change of opinion","author":"Editor","date":"July 5, 2024","format":false,"excerpt":"The Court observed that no new material has been found by the Revenue which would warrant reopening the assessment. A reading of the notices will crystallize the fact that it has been issued merely based on a change of opinion.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Delhi High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=700%2C400&ssl=1 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notice under Section 148-A(b) of the Income Tax Act, 1961 was issued to the assessee, stating that income had escaped assessment under the provisions of Section 147, regarding sale, purchase of properties and contractual receipts.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"reassessment notice barred by limitation","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/10\/reassessment-notice-barred-by-limitation.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/10\/reassessment-notice-barred-by-limitation.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/10\/reassessment-notice-barred-by-limitation.webp?resize=525%2C300&ssl=1 1.5x, 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Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":266464,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/05\/05\/reassessment-notices-90000-section-148a-income-tax-act-revenue-supreme-court-judgments-legal-news-research-updates\/","url_meta":{"origin":332122,"position":5},"title":"Over 90, 000 Reassessment Notices issued after April 1, 2021 saved as Supreme Court directs them to be treated as notices under Section 148A of Income Tax Act\u00a0","author":"Prachi Bhardwaj","date":"May 5, 2022","format":false,"excerpt":"Supreme Court: The bench of MR Shah* and BV Nagarathna, JJ has modified the order passed by the Allahabad High Court wherein it had quashed several reassessment notices issued by the Revenue, issued under section 148 of the Income Tax Act, 1961, on the ground that the same are bad\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-155.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-155.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-155.jpg?resize=525%2C300&ssl=1 1.5x, 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