https://www.taxtmi.com/caselaws?id=186135 The Tribunal dismissed the Revenue's appeal regarding the validity of reassessment proceedings under section 148 for Assessment Year 2001-02. The Tribunal upheld the decision of the ld. CIT(A) that the reassessment was initiated without valid reasons and constituted a mere change of opinion, as all necessary details had been previously disclosed by the assessee. Similarly, the Tribunal upheld the deletion of a provision for warrantee for Assessment Year 2006-07, ruling that the provision was made on a scientific basis and allowable, despite a previous disallowance by the Assessing Officer based on a now-reversed court decision. en-us Wed, 18 Aug 2010 00:00:00 +0530 Thu, 08 Sep 2016 10:46:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186135 The Tribunal dismissed the Revenue's appeal regarding the validity of reassessment proceedings under section 148 for Assessment Year 2001-02. The Tribunal upheld the decision of the ld. CIT(A) that the reassessment was initiated without valid reasons and constituted a mere change of opinion, as all necessary details had been previously disclosed by the assessee. Similarly, the Tribunal upheld the deletion of a provision for warrantee for Assessment Year 2006-07, ruling that the provision was made on a scientific basis and allowable, despite a previous disallowance by the Assessing Officer based on a now-reversed court decision. Case-Laws Income Tax Wed, 18 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186135