https://www.taxtmi.com/caselaws?id=209870 The Tribunal deemed the reopening of the assessment invalid as it constituted a change of opinion. Furthermore, the addition of Rs. 99,78,719/- for foreign exchange gain was ruled unjustified as it pertained to capital account, not revenue account. Consequently, the appeal by the assessee was allowed, with the order issued on 13.5.2011. en-us Fri, 13 May 2011 00:00:00 +0530 Sat, 04 Feb 2012 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209870 The Tribunal deemed the reopening of the assessment invalid as it constituted a change of opinion. Furthermore, the addition of Rs. 99,78,719/- for foreign exchange gain was ruled unjustified as it pertained to capital account, not revenue account. Consequently, the appeal by the assessee was allowed, with the order issued on 13.5.2011. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209870