https://www.taxtmi.com/caselaws?id=179522 The High Court refrained from delving into the merits of the computation of deduction under Section 10A of the Income Tax Act, emphasizing the importance of considering all material during the original assessment. The Court deemed the re-assessment proceedings under Section 147 invalid, citing it as a case of change of opinion without new material. The judgment highlighted that the absence of a specific finding in the original assessment order should not justify re-assessment if all relevant information was available during the initial assessment. The Court's decision underscored that a change of opinion without new material does not warrant re-assessment. en-us Fri, 20 Apr 2012 00:00:00 +0530 Thu, 22 Jun 2017 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179522 The High Court refrained from delving into the merits of the computation of deduction under Section 10A of the Income Tax Act, emphasizing the importance of considering all material during the original assessment. The Court deemed the re-assessment proceedings under Section 147 invalid, citing it as a case of change of opinion without new material. The judgment highlighted that the absence of a specific finding in the original assessment order should not justify re-assessment if all relevant information was available during the initial assessment. The Court's decision underscored that a change of opinion without new material does not warrant re-assessment. Case-Laws Income Tax Fri, 20 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179522