https://www.taxtmi.com/caselaws?id=338931 The Tribunal dismissed the Revenue's appeals, ruling the reopening of the assessment under section 147 invalid due to being a mere change of opinion. The assessee was allowed additional depreciation on power generating unit assets under section 32(1)(iia) and the deduction under section 43B for statutory liabilities, as payments were considered deductible regardless of accounting treatment. en-us Mon, 30 Jan 2017 00:00:00 +0530 Wed, 10 May 2017 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338931 The Tribunal dismissed the Revenue's appeals, ruling the reopening of the assessment under section 147 invalid due to being a mere change of opinion. The assessee was allowed additional depreciation on power generating unit assets under section 32(1)(iia) and the deduction under section 43B for statutory liabilities, as payments were considered deductible regardless of accounting treatment. Case-Laws Income Tax Mon, 30 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338931