https://www.taxtmi.com/caselaws?id=327221 The tribunal ruled in favor of the assessee, holding that the reopening of the assessment was not valid as it did not involve new tangible material and was not a change of opinion. Additionally, the disallowance of the section 80IB deduction was overturned as the partnership deed clauses regarding interest and remuneration were found to be enabling provisions, not mandatory, and the partners had mutually agreed not to charge these amounts. As a result, the assessee's appeal was partly allowed, and the disallowance was deleted. en-us Tue, 03 May 2016 00:00:00 +0530 Fri, 06 May 2016 11:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327221 The tribunal ruled in favor of the assessee, holding that the reopening of the assessment was not valid as it did not involve new tangible material and was not a change of opinion. Additionally, the disallowance of the section 80IB deduction was overturned as the partnership deed clauses regarding interest and remuneration were found to be enabling provisions, not mandatory, and the partners had mutually agreed not to charge these amounts. As a result, the assessee's appeal was partly allowed, and the disallowance was deleted. Case-Laws Income Tax Tue, 03 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327221