https://www.taxtmi.com/caselaws?id=346016 The Tribunal ruled in favor of the assessee, quashing the reassessment order and allowing the appeal. The reassessment was deemed invalid as it was based on a mere change of opinion without new facts justifying reopening. The expenditure was classified as revenue, not capital, and disallowances by the Revenue were found unjustified. The Tribunal set aside the impugned order, allowing the assessee's appeal and dismissing the Revenue's appeal. en-us Wed, 12 Apr 2017 00:00:00 +0530 Wed, 02 Aug 2017 08:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346016 The Tribunal ruled in favor of the assessee, quashing the reassessment order and allowing the appeal. The reassessment was deemed invalid as it was based on a mere change of opinion without new facts justifying reopening. The expenditure was classified as revenue, not capital, and disallowances by the Revenue were found unjustified. The Tribunal set aside the impugned order, allowing the assessee's appeal and dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346016