https://www.taxtmi.com/caselaws?id=190430 The Tribunal dismissed the revenue's appeals, upholding the CIT(A)'s decisions on various tax issues. The initiation of reassessment proceedings under section 147 was deemed invalid as a mere change of opinion. The assessee was found entitled to deduction under section 10B for engaging in the manufacture of iron ore. The computation of deduction under section 10B was clarified, and additional depreciation on windmills was allowed. The judgment was pronounced on May 31, 2013, in favor of the assessee, with all grounds raised by the revenue dismissed. en-us Fri, 31 May 2013 00:00:00 +0530 Wed, 15 Feb 2017 12:48:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190430 The Tribunal dismissed the revenue's appeals, upholding the CIT(A)'s decisions on various tax issues. The initiation of reassessment proceedings under section 147 was deemed invalid as a mere change of opinion. The assessee was found entitled to deduction under section 10B for engaging in the manufacture of iron ore. The computation of deduction under section 10B was clarified, and additional depreciation on windmills was allowed. The judgment was pronounced on May 31, 2013, in favor of the assessee, with all grounds raised by the revenue dismissed. Case-Laws Income Tax Fri, 31 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190430