https://www.taxtmi.com/caselaws?id=71968 The Tribunal annulled the orders passed by the CIT under s. 263, holding them illegal as the CIT's action was deemed a change of opinion, not permissible under s. 263. The Tribunal emphasized that the AO had considered the merits before dropping reassessment proceedings, and the deduction u/s 80-IA(9) was allowable based on a valid interpretation of the law. Consequently, the appeals filed by the assessee in both assessment years were allowed. en-us Fri, 06 Feb 2009 00:00:00 +0530 Tue, 31 Jul 2012 23:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71968 The Tribunal annulled the orders passed by the CIT under s. 263, holding them illegal as the CIT's action was deemed a change of opinion, not permissible under s. 263. The Tribunal emphasized that the AO had considered the merits before dropping reassessment proceedings, and the deduction u/s 80-IA(9) was allowable based on a valid interpretation of the law. Consequently, the appeals filed by the assessee in both assessment years were allowed. Case-Laws Income Tax Fri, 06 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71968