https://www.taxtmi.com/caselaws?id=247960 The Tribunal dismissed the Revenue's appeals, confirming the CIT(A)'s orders. The reopening of the assessment was deemed invalid as it was based on a change of opinion without new tangible material. The additions made by capitalizing the expenditure for developing new products were deleted, as the expenses were of a revenue nature and did not create any capital asset or provide enduring benefits in the capital field. en-us Sun, 09 Mar 2014 00:00:00 +0530 Wed, 28 May 2014 08:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247960 The Tribunal dismissed the Revenue's appeals, confirming the CIT(A)'s orders. The reopening of the assessment was deemed invalid as it was based on a change of opinion without new tangible material. The additions made by capitalizing the expenditure for developing new products were deleted, as the expenses were of a revenue nature and did not create any capital asset or provide enduring benefits in the capital field. Case-Laws Income Tax Sun, 09 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247960