https://www.taxtmi.com/caselaws?id=254900 The Tribunal allowed the assessee's appeal, quashing the reassessment proceedings initiated under Section 147 and cancelling the reassessment order. The proceedings were deemed invalid as they were based on a mere change of opinion, with no new tangible material to justify the reopening of the assessment. The Tribunal did not address the merits of the deduction under Section 10B, as the assessee succeeded on the issue of the legality of the reassessment proceedings. en-us Wed, 24 Dec 2014 00:00:00 +0530 Fri, 02 Jan 2015 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254900 The Tribunal allowed the assessee's appeal, quashing the reassessment proceedings initiated under Section 147 and cancelling the reassessment order. The proceedings were deemed invalid as they were based on a mere change of opinion, with no new tangible material to justify the reopening of the assessment. The Tribunal did not address the merits of the deduction under Section 10B, as the assessee succeeded on the issue of the legality of the reassessment proceedings. Case-Laws Income Tax Wed, 24 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254900