https://www.taxtmi.com/caselaws?id=233856 The department's appeal against the deletion of an addition under Section 80IB(4) of the Act was dismissed by the Tribunal. The Tribunal held that the deduction claimed under Section 80IB was allowable despite the disallowance under Section 40(a)(ia) of the Act. Additionally, the Tribunal deemed the reopening of the assessment as a change of opinion and quashed the reassessment. The Cross Objection filed by the assessee challenging the reopening was allowed, confirming the CIT(A)'s decision on the merit and resulting in the dismissal of the department's appeal. en-us Fri, 05 Apr 2013 00:00:00 +0530 Fri, 03 May 2013 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233856 The department's appeal against the deletion of an addition under Section 80IB(4) of the Act was dismissed by the Tribunal. The Tribunal held that the deduction claimed under Section 80IB was allowable despite the disallowance under Section 40(a)(ia) of the Act. Additionally, the Tribunal deemed the reopening of the assessment as a change of opinion and quashed the reassessment. The Cross Objection filed by the assessee challenging the reopening was allowed, confirming the CIT(A)'s decision on the merit and resulting in the dismissal of the department's appeal. Case-Laws Income Tax Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233856