https://www.taxtmi.com/caselaws?id=328371 The Tribunal upheld the CIT(A)'s decision, ruling the reopening of assessment invalid under section 147 r.w.s. 143(3) of the Income Tax Act, 1961. The reassessment was annulled as a mere change of opinion, with expenses related to job work payments already examined in the original assessment. The disallowance under section 40(a)(ia) was also deemed unnecessary due to the invalid reopening. The Revenue's appeal was dismissed, and the decision was issued on 06-05-2016. en-us Fri, 06 May 2016 00:00:00 +0530 Thu, 02 Jun 2016 15:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328371 The Tribunal upheld the CIT(A)'s decision, ruling the reopening of assessment invalid under section 147 r.w.s. 143(3) of the Income Tax Act, 1961. The reassessment was annulled as a mere change of opinion, with expenses related to job work payments already examined in the original assessment. The disallowance under section 40(a)(ia) was also deemed unnecessary due to the invalid reopening. The Revenue's appeal was dismissed, and the decision was issued on 06-05-2016. Case-Laws Income Tax Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328371