https://www.taxtmi.com/caselaws?id=330406 The Tribunal annulled the reassessment proceedings initiated under Section 147 as they were deemed illegal and without jurisdiction, based on a mere change of opinion without new material. Consequently, the additions and disallowances made by the AO were deleted, and the Assessee's cross-objection was allowed. The revenue's appeal for AY 2008-09 regarding the Section 80IC deduction was dismissed, upholding the CIT(A)'s decision to allow the deduction. en-us Wed, 13 Jul 2016 00:00:00 +0530 Mon, 25 Jul 2016 11:46:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330406 The Tribunal annulled the reassessment proceedings initiated under Section 147 as they were deemed illegal and without jurisdiction, based on a mere change of opinion without new material. Consequently, the additions and disallowances made by the AO were deleted, and the Assessee's cross-objection was allowed. The revenue's appeal for AY 2008-09 regarding the Section 80IC deduction was dismissed, upholding the CIT(A)'s decision to allow the deduction. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330406