https://www.taxtmi.com/caselaws?id=267308 The Tribunal set aside the reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, finding them impermissible based on a change of opinion without fresh material. Consequently, issues regarding the withdrawal of deduction under Section 80IA(4) and the set-off of brought forward losses were not addressed. The Tribunal upheld the deletion of the addition for delayed PF contributions, ruling that such payments before the return due date are allowable as expenditure. The appeal of the assessee was allowed, and the Revenue's appeal was dismissed. en-us Tue, 06 Oct 2015 00:00:00 +0530 Wed, 04 Nov 2015 09:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267308 The Tribunal set aside the reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, finding them impermissible based on a change of opinion without fresh material. Consequently, issues regarding the withdrawal of deduction under Section 80IA(4) and the set-off of brought forward losses were not addressed. The Tribunal upheld the deletion of the addition for delayed PF contributions, ruling that such payments before the return due date are allowable as expenditure. The appeal of the assessee was allowed, and the Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 06 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267308