https://www.taxtmi.com/caselaws?id=337850 The High Court held that the reassessment proceedings under Section 147 of the Income Tax Act were invalid as they constituted a change of opinion rather than being based on new facts. Consequently, the appeals were dismissed, resolving the issues surrounding the jurisdiction of reopening assessments and the allowance of deductions under Section 80IB(8A) of the Act. en-us Mon, 09 Jan 2017 00:00:00 +0530 Thu, 19 Jan 2017 08:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337850 The High Court held that the reassessment proceedings under Section 147 of the Income Tax Act were invalid as they constituted a change of opinion rather than being based on new facts. Consequently, the appeals were dismissed, resolving the issues surrounding the jurisdiction of reopening assessments and the allowance of deductions under Section 80IB(8A) of the Act. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337850