(M.R. Shah and B.V. Nagarathna, JJ.)
Petition for Special Leave to Appeal (C) No. 11574/2022, decided on July 22, 2022
Deputy/Assistant Commissioner of Income Tax ___________ Petitioner;
v.
Financial Software and Systems Private Ltd. ____________ Respondent.
(For Admission and I.R.)
Petition for Special Leave to Appeal (C) No. 11574/2022 and WA No. 2059/2021
The Order of the court was delivered by
Order
1. The re-opening of the assessment has been set aside by the High Court by specifically observing that the reassessment proceedings were on change of opinion and after taking into consideration the fact that at the time of original assessment under Section 143 of the Income-tax Act, 1961, specific queries were raised which were answered by the Assessee and, therefore, thereafter it was not open for the Revenue to re-open the assessment proceedings on the same ground and thereafter when the re-assessment proceedings have been set aside, it cannot be said that the High Court has committed any error. The Special Leave Petition stands dismissed.
2. Pending application(s) shall stand disposed of.
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