https://www.taxtmi.com/caselaws?id=184158 The Tribunal invalidated the reassessment proceedings under Section 147 read with Section 148 of the Income Tax Act, 1961, due to a change of opinion by the Assessing Officer, citing precedents like *CIT v. Kelvinator of India Ltd. (2010) 320 ITR 561 (SC)*. Consequently, the deletion of disallowance of additional depreciation on new plant and machinery in the Captive Power Plant was upheld, as the appeal on this issue became moot following the quashing of the reassessment. The decision was rendered on 04th March 2014. en-us Tue, 04 Mar 2014 00:00:00 +0530 Mon, 17 Sep 2018 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184158 The Tribunal invalidated the reassessment proceedings under Section 147 read with Section 148 of the Income Tax Act, 1961, due to a change of opinion by the Assessing Officer, citing precedents like *CIT v. Kelvinator of India Ltd. (2010) 320 ITR 561 (SC)*. Consequently, the deletion of disallowance of additional depreciation on new plant and machinery in the Captive Power Plant was upheld, as the appeal on this issue became moot following the quashing of the reassessment. The decision was rendered on 04th March 2014. Case-Laws Income Tax Tue, 04 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184158