https://www.taxtmi.com/caselaws?id=268730 The Tribunal allowed the assessee's appeal, quashing the reassessment proceedings due to lack of new tangible material and being based on a mere change of opinion. The revenue's appeal challenging the deletion of royalty amount was also dismissed. The reassessment was deemed invalid, following precedents emphasizing the necessity of new material for reassessment. The decision was pronounced on 18.11.2015. en-us Wed, 18 Nov 2015 00:00:00 +0530 Tue, 01 Dec 2015 00:55:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268730 The Tribunal allowed the assessee's appeal, quashing the reassessment proceedings due to lack of new tangible material and being based on a mere change of opinion. The revenue's appeal challenging the deletion of royalty amount was also dismissed. The reassessment was deemed invalid, following precedents emphasizing the necessity of new material for reassessment. The decision was pronounced on 18.11.2015. Case-Laws Income Tax Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268730