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Sec. 115JB & 147 of the Income-tax Act, 1961—Minimum alternate tax - By notice issued under Section 148 of the Act, the assessment was sought to be re-opened. While accepting the challenge to the issuance of notice, High Court held that non-rejection of the explanation in the AO would amount to the AO accepting the view of the assessee and the reasons in support of the impugned notice proceed on a mere change of opinion and therefore would be completely without jurisdiction. Supreme Court dismissed the SLP of the revenue. - ASSTT. CIT V/s MARICO LTD. -  315 CTR 159 (SC)