https://www.taxtmi.com/caselaws?id=197495 The Tribunal allowed the appeal, quashing the reassessment proceedings initiated by the Income Tax Officer as illegal and without jurisdiction. Consequently, issues regarding the computation of Long Term Capital Gains and the deduction under Section 54EC were not addressed. The Tribunal held that reassessment based on a change of opinion is impermissible, citing precedent. The decision was pronounced on 01/07/2016. en-us Fri, 01 Jul 2016 00:00:00 +0530 Tue, 09 Jan 2018 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197495 The Tribunal allowed the appeal, quashing the reassessment proceedings initiated by the Income Tax Officer as illegal and without jurisdiction. Consequently, issues regarding the computation of Long Term Capital Gains and the deduction under Section 54EC were not addressed. The Tribunal held that reassessment based on a change of opinion is impermissible, citing precedent. The decision was pronounced on 01/07/2016. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197495