https://www.taxtmi.com/caselaws?id=361531 The Tribunal deemed the re-opening of assessments under section 147 of the Income Tax Act invalid as it was based on a change of opinion without fresh tangible material. Consequently, the assessment orders were quashed. Additionally, the Tribunal directed the Assessing Officer to allow the deduction claimed under section 80IAB from 28th February 2006 onwards, as the approval granted to the assessee as a co-developer satisfied the conditions of the provision. The Tribunal's decision favored the assessee, with the order pronounced on 31.05.2018. en-us Thu, 31 May 2018 00:00:00 +0530 Thu, 07 Jun 2018 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361531 The Tribunal deemed the re-opening of assessments under section 147 of the Income Tax Act invalid as it was based on a change of opinion without fresh tangible material. Consequently, the assessment orders were quashed. Additionally, the Tribunal directed the Assessing Officer to allow the deduction claimed under section 80IAB from 28th February 2006 onwards, as the approval granted to the assessee as a co-developer satisfied the conditions of the provision. The Tribunal's decision favored the assessee, with the order pronounced on 31.05.2018. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361531