https://www.taxtmi.com/caselaws?id=236070 The Tribunal upheld the CIT(A)'s decision, ruling that the re-assessment proceedings initiated by the Assessing Officer (AO) under Section 147 read with Section 148 of the Income-tax Act were invalid. The AO's attempt to re-open the assessment was deemed a mere change of opinion without tangible material, as required by law. The claims for deductions under Sections 80HHD and 80IA were found to be validly made and supported in the original return, leading to the dismissal of the re-computation of deductions. The Tribunal concluded that the re-assessment lacked justification and upheld the CIT(A)'s order quashing the proceedings. en-us Wed, 31 Jul 2013 00:00:00 +0530 Tue, 13 Aug 2013 12:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236070 The Tribunal upheld the CIT(A)'s decision, ruling that the re-assessment proceedings initiated by the Assessing Officer (AO) under Section 147 read with Section 148 of the Income-tax Act were invalid. The AO's attempt to re-open the assessment was deemed a mere change of opinion without tangible material, as required by law. The claims for deductions under Sections 80HHD and 80IA were found to be validly made and supported in the original return, leading to the dismissal of the re-computation of deductions. The Tribunal concluded that the re-assessment lacked justification and upheld the CIT(A)'s order quashing the proceedings. Case-Laws Income Tax Wed, 31 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236070