https://www.taxtmi.com/caselaws?id=356225 The Tribunal upheld the CIT(A)'s decision, invalidating the reassessment proceedings. It was deemed that the AO's action was a mere change of opinion without new material, contravening the requirement for reopening assessments. The Revenue's appeal was dismissed, affirming the original assessment's validity under Section 80IC deductions. The reassessment was quashed on 22nd February 2018. en-us Thu, 22 Feb 2018 00:00:00 +0530 Tue, 27 Feb 2018 07:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356225 The Tribunal upheld the CIT(A)'s decision, invalidating the reassessment proceedings. It was deemed that the AO's action was a mere change of opinion without new material, contravening the requirement for reopening assessments. The Revenue's appeal was dismissed, affirming the original assessment's validity under Section 80IC deductions. The reassessment was quashed on 22nd February 2018. Case-Laws Income Tax Thu, 22 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356225