https://www.taxtmi.com/caselaws?id=202383 The High Court upheld the Tribunal's decision to quash the reassessment proceedings, citing lack of non-disclosure of material facts and impermissible initiation based on a mere change of opinion. The original assessment allowing investment allowance for toner, developer, and photoreceptors was upheld, while disallowing it for xerographic machines, in line with previous ITAT rulings. The Revenue's appeals were dismissed by the High Court, affirming the Tribunal's findings. en-us Tue, 14 Sep 2010 00:00:00 +0530 Sun, 20 Mar 2011 23:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202383 The High Court upheld the Tribunal's decision to quash the reassessment proceedings, citing lack of non-disclosure of material facts and impermissible initiation based on a mere change of opinion. The original assessment allowing investment allowance for toner, developer, and photoreceptors was upheld, while disallowing it for xerographic machines, in line with previous ITAT rulings. The Revenue's appeals were dismissed by the High Court, affirming the Tribunal's findings. Case-Laws Income Tax Tue, 14 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202383