https://www.taxtmi.com/caselaws?id=206720 The Tribunal dismissed the revenue's appeals and upheld the CIT(A)'s decision to cancel the reassessment proceedings. The assessee's appeals were also dismissed as they had become academic and infructuous. The reassessment proceedings were found to be invalid due to being based on a change of opinion, incorrect application of Section 80IA(10), irrelevance of the MERC order, and the merger of the original assessment order with the appellate orders. en-us Fri, 30 Sep 2011 00:00:00 +0530 Mon, 27 Mar 2023 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206720 The Tribunal dismissed the revenue's appeals and upheld the CIT(A)'s decision to cancel the reassessment proceedings. The assessee's appeals were also dismissed as they had become academic and infructuous. The reassessment proceedings were found to be invalid due to being based on a change of opinion, incorrect application of Section 80IA(10), irrelevance of the MERC order, and the merger of the original assessment order with the appellate orders. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206720