https://www.taxtmi.com/caselaws?id=193335 The ITAT Lucknow dismissed both appeals by the Revenue, upholding the CIT(A) orders for assessment years 2007-08 & 2008-09. The judgment emphasized the impermissibility of reopening assessments based on a mere change of opinion without new relevant material, as outlined in CIT vs. Kelvinator of India Ltd. Both parties agreed that the facts for both assessment years were identical, leading to the dismissal of the appeals. en-us Fri, 22 Apr 2016 00:00:00 +0530 Tue, 25 Jul 2017 07:52:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193335 The ITAT Lucknow dismissed both appeals by the Revenue, upholding the CIT(A) orders for assessment years 2007-08 & 2008-09. The judgment emphasized the impermissibility of reopening assessments based on a mere change of opinion without new relevant material, as outlined in CIT vs. Kelvinator of India Ltd. Both parties agreed that the facts for both assessment years were identical, leading to the dismissal of the appeals. Case-Laws Income Tax Fri, 22 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193335