https://www.taxtmi.com/caselaws?id=272085 The Tribunal held that the reassessment proceedings under Section 147 were invalid as they were based on a mere change of opinion and not on any new tangible material. The Tribunal also ruled in favor of the assessee company, allowing the deduction under Section 10A for its Mumbai unit. Consequently, the appeal of the assessee company was allowed, and the orders of the CIT(A) were set aside. en-us Mon, 18 Jan 2016 00:00:00 +0530 Sat, 30 Apr 2016 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272085 The Tribunal held that the reassessment proceedings under Section 147 were invalid as they were based on a mere change of opinion and not on any new tangible material. The Tribunal also ruled in favor of the assessee company, allowing the deduction under Section 10A for its Mumbai unit. Consequently, the appeal of the assessee company was allowed, and the orders of the CIT(A) were set aside. Case-Laws Income Tax Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272085