https://www.taxtmi.com/caselaws?id=247386 The Tribunal found the reopening of the assessment under section 147 invalid as it constituted a "change of opinion," following the precedent set by the Supreme Court. Regarding the disallowance of deduction under section 80M, the Tribunal ruled in favor of the assessee, allowing the deduction as the provisions of section 115-O did not override it. The appeal was decided in favor of the assessee on both grounds. en-us Wed, 30 Apr 2014 00:00:00 +0530 Sat, 10 May 2014 08:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247386 The Tribunal found the reopening of the assessment under section 147 invalid as it constituted a "change of opinion," following the precedent set by the Supreme Court. Regarding the disallowance of deduction under section 80M, the Tribunal ruled in favor of the assessee, allowing the deduction as the provisions of section 115-O did not override it. The appeal was decided in favor of the assessee on both grounds. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247386