https://www.taxtmi.com/caselaws?id=265649 The Assessing Officer disallowed the expenditure claimed by the assessee for replacing a CT scanner, holding it as capital expenditure. The CIT(A) confirmed this disallowance. The Tribunal quashed the reopening of assessment under section 147, citing lack of fresh material. The Income Tax Officer's "change of mind" in reopening the assessment was deemed unlawful. The Tribunal upheld the assessee's appeal regarding the timing of the notice for reopening assessment after four years. Ultimately, the Tribunal allowed the claimed expenditure in full, dismissing revenue's grounds and granting relief to the assessee. en-us Fri, 18 Jul 2014 00:00:00 +0530 Tue, 13 Oct 2015 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265649 The Assessing Officer disallowed the expenditure claimed by the assessee for replacing a CT scanner, holding it as capital expenditure. The CIT(A) confirmed this disallowance. The Tribunal quashed the reopening of assessment under section 147, citing lack of fresh material. The Income Tax Officer's "change of mind" in reopening the assessment was deemed unlawful. The Tribunal upheld the assessee's appeal regarding the timing of the notice for reopening assessment after four years. Ultimately, the Tribunal allowed the claimed expenditure in full, dismissing revenue's grounds and granting relief to the assessee. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265649