https://www.taxtmi.com/caselaws?id=207553 The Tribunal held that the reassessment proceedings were invalid as they were deemed to be based on a change of opinion, which is impermissible under the law. The original assessment had thoroughly examined and accepted the claims made by the assessee regarding interest on borrowing and administrative expenses. Consequently, the reassessment was quashed, and the appeal was allowed, with the Tribunal not addressing other grounds raised by the assessee due to the invalidity of the reassessment. en-us Mon, 11 Jan 2010 00:00:00 +0530 Wed, 14 Dec 2011 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207553 The Tribunal held that the reassessment proceedings were invalid as they were deemed to be based on a change of opinion, which is impermissible under the law. The original assessment had thoroughly examined and accepted the claims made by the assessee regarding interest on borrowing and administrative expenses. Consequently, the reassessment was quashed, and the appeal was allowed, with the Tribunal not addressing other grounds raised by the assessee due to the invalidity of the reassessment. Case-Laws Income Tax Mon, 11 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207553