https://www.taxtmi.com/caselaws?id=368619 The Tribunal ruled in favor of the assessee on all issues. It condoned the delay in filing the appeal for AY 2005-06, citing a bona fide belief influenced by subsequent developments and liberal approach towards "sufficient cause." The Tribunal quashed the reassessment orders for AY 2005-06 and 2006-07, finding the reopening based on a change of opinion without new material impermissible. Additionally, the Tribunal allowed the deduction under section 80IA(4) for both assessment years, considering the assessee's role as a developer in infrastructure projects. en-us Mon, 08 Oct 2018 00:00:00 +0530 Thu, 11 Oct 2018 09:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368619 The Tribunal ruled in favor of the assessee on all issues. It condoned the delay in filing the appeal for AY 2005-06, citing a bona fide belief influenced by subsequent developments and liberal approach towards "sufficient cause." The Tribunal quashed the reassessment orders for AY 2005-06 and 2006-07, finding the reopening based on a change of opinion without new material impermissible. Additionally, the Tribunal allowed the deduction under section 80IA(4) for both assessment years, considering the assessee's role as a developer in infrastructure projects. Case-Laws Income Tax Mon, 08 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368619