https://www.taxtmi.com/caselaws?id=103121 The Tribunal allowed the assessee's appeals, annulling the orders of the AO and CIT(A), and dismissed the revenue's appeal. The Tribunal held that the notice issued under section 148 was not justified, emphasizing that a mere change of opinion does not warrant reassessment. It also ruled in favor of the assessee regarding the disallowance of deductions from the incentive bonus and additional conveyance, citing lack of jurisdiction under section 148. The CIT(A)'s decision to allow the deduction against the prima facie disallowance under section 143(1)(a) was upheld. en-us Fri, 04 Oct 2002 00:00:00 +0530 Mon, 20 Feb 2012 18:03:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103121 The Tribunal allowed the assessee's appeals, annulling the orders of the AO and CIT(A), and dismissed the revenue's appeal. The Tribunal held that the notice issued under section 148 was not justified, emphasizing that a mere change of opinion does not warrant reassessment. It also ruled in favor of the assessee regarding the disallowance of deductions from the incentive bonus and additional conveyance, citing lack of jurisdiction under section 148. The CIT(A)'s decision to allow the deduction against the prima facie disallowance under section 143(1)(a) was upheld. Case-Laws Income Tax Fri, 04 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103121