No Re-Opening of Income Tax Assessment u/s 148 without New Materials: Delhi HC

The Delhi High Court ruled that income tax assessments cannot be reopened under Section 148 of the Income Tax Act without new materials or evidence. This decision upholds the principle that reopening assessments requires substantive new information that was not available during the original assessment. The court's ruling reinforces the need for a clear and substantial basis for revisiting past tax assessments, protecting taxpayers from arbitrary reassessments and ensuring fairness in the tax administration process.