https://www.taxtmi.com/caselaws?id=267023 The Tribunal dismissed both the revenue's appeal and the assessee's cross-objection. The reopening of the assessment was deemed invalid due to a lack of new material and constituting a change of opinion. The delay in filing the cross-objection was not condoned due to insufficient justification. The adjustments to book profits under section 115JB were found unsustainable based on settled legal precedents. en-us Wed, 16 Sep 2015 00:00:00 +0530 Thu, 29 Oct 2015 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267023 The Tribunal dismissed both the revenue's appeal and the assessee's cross-objection. The reopening of the assessment was deemed invalid due to a lack of new material and constituting a change of opinion. The delay in filing the cross-objection was not condoned due to insufficient justification. The adjustments to book profits under section 115JB were found unsustainable based on settled legal precedents. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267023