https://www.taxtmi.com/caselaws?id=328196 The Tribunal invalidated the reassessment proceedings under Section 147 of the Income-tax Act, deeming them illegal due to being based on the same material as the original assessment, constituting a mere change of opinion. The disallowance of commission payments and depreciation on goodwill was also overturned by the Tribunal, citing lack of valid reasons and failure to follow established legal precedents. As a result, the reassessment order was set aside, and the appeal by the assessee was allowed. en-us Wed, 10 Feb 2016 00:00:00 +0530 Fri, 27 May 2016 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328196 The Tribunal invalidated the reassessment proceedings under Section 147 of the Income-tax Act, deeming them illegal due to being based on the same material as the original assessment, constituting a mere change of opinion. The disallowance of commission payments and depreciation on goodwill was also overturned by the Tribunal, citing lack of valid reasons and failure to follow established legal precedents. As a result, the reassessment order was set aside, and the appeal by the assessee was allowed. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328196