https://www.taxtmi.com/caselaws?id=270611 The Tribunal allowed the appeal of the assessee, holding that the reassessment under section 147 was invalid as it was based on a mere change of opinion without new tangible material, citing the Supreme Court ruling in CIT vs Kelvinator of India Ltd. Consequently, the reassessment order was quashed as void-ab-initio, and other issues regarding deductions under sections 10B, 80IA, and 80HHC, as well as the levy of interest under sections 234A, 234B, and 234C, were not addressed. en-us Mon, 16 Nov 2015 00:00:00 +0530 Mon, 11 Jan 2016 11:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270611 The Tribunal allowed the appeal of the assessee, holding that the reassessment under section 147 was invalid as it was based on a mere change of opinion without new tangible material, citing the Supreme Court ruling in CIT vs Kelvinator of India Ltd. Consequently, the reassessment order was quashed as void-ab-initio, and other issues regarding deductions under sections 10B, 80IA, and 80HHC, as well as the levy of interest under sections 234A, 234B, and 234C, were not addressed. Case-Laws Income Tax Mon, 16 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270611