https://www.taxtmi.com/caselaws?id=218455 The Tribunal ruled in favor of the assessee on all grounds. The reopening of assessment under section 148 was deemed invalid as it was based on a change of opinion. The disallowance of deduction under section 10B was overturned, and the assessee was found eligible for the deduction for the assessment year 2004-05. Consequently, no interest under sections 234B and 234C was chargeable. The Tribunal awarded costs of Rs. 25,000 to the assessee for unnecessary litigation and harassment caused by the Revenue. en-us Thu, 27 Sep 2012 00:00:00 +0530 Wed, 30 Oct 2013 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218455 The Tribunal ruled in favor of the assessee on all grounds. The reopening of assessment under section 148 was deemed invalid as it was based on a change of opinion. The disallowance of deduction under section 10B was overturned, and the assessee was found eligible for the deduction for the assessment year 2004-05. Consequently, no interest under sections 234B and 234C was chargeable. The Tribunal awarded costs of Rs. 25,000 to the assessee for unnecessary litigation and harassment caused by the Revenue. Case-Laws Income Tax Thu, 27 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218455