https://www.taxtmi.com/caselaws?id=189246 The Tribunal upheld the CIT(A)'s decision to quash the reassessment proceedings under section 147 of the Income Tax Act, citing that the Assessing Officer's action was a "change of opinion," not constituting valid grounds for reopening. Additionally, the Tribunal affirmed the grant of higher depreciation at 80% on civil construction work and electrical installations related to windmills, emphasizing their integral nature to windmill operations. The Tribunal dismissed the Revenue's appeal, highlighting that reopening assessments without new tangible material is impermissible. en-us Wed, 12 Aug 2015 00:00:00 +0530 Tue, 03 Jan 2017 09:47:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189246 The Tribunal upheld the CIT(A)'s decision to quash the reassessment proceedings under section 147 of the Income Tax Act, citing that the Assessing Officer's action was a "change of opinion," not constituting valid grounds for reopening. Additionally, the Tribunal affirmed the grant of higher depreciation at 80% on civil construction work and electrical installations related to windmills, emphasizing their integral nature to windmill operations. The Tribunal dismissed the Revenue's appeal, highlighting that reopening assessments without new tangible material is impermissible. Case-Laws Income Tax Wed, 12 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189246