https://www.taxtmi.com/caselaws?id=356760 The tribunal found the reopening of the assessment invalid as it was deemed to be solely based on a change of opinion without fresh material, citing the case law of CIT vs. Hindustan Zinc Ltd. Consequently, the disallowance of exemption claimed under Section 11 and other issues raised by the assessee were dismissed. The appeal was allowed, setting aside the order for reopening the assessment and emphasizing the importance of tangible material and procedural requirements under the Income Tax Act. en-us Mon, 29 Jan 2018 00:00:00 +0530 Mon, 12 Mar 2018 05:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356760 The tribunal found the reopening of the assessment invalid as it was deemed to be solely based on a change of opinion without fresh material, citing the case law of CIT vs. Hindustan Zinc Ltd. Consequently, the disallowance of exemption claimed under Section 11 and other issues raised by the assessee were dismissed. The appeal was allowed, setting aside the order for reopening the assessment and emphasizing the importance of tangible material and procedural requirements under the Income Tax Act. Case-Laws Income Tax Mon, 29 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356760