https://www.taxtmi.com/caselaws?id=358889 The Tribunal invalidated the re-opening of assessment under section 147 of the Income Tax Act, 1961, as it was based on the same material without new tangible evidence, amounting to a mere change of opinion. Consequently, the assessment order was quashed. Additionally, the Tribunal allowed the appeal on the merits of the disallowance, stating that the deduction claimed by the assessee for Octroi payment was allowable for the impugned assessment year. en-us Wed, 18 Apr 2018 00:00:00 +0530 Fri, 20 Apr 2018 05:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358889 The Tribunal invalidated the re-opening of assessment under section 147 of the Income Tax Act, 1961, as it was based on the same material without new tangible evidence, amounting to a mere change of opinion. Consequently, the assessment order was quashed. Additionally, the Tribunal allowed the appeal on the merits of the disallowance, stating that the deduction claimed by the assessee for Octroi payment was allowable for the impugned assessment year. Case-Laws Income Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358889