https://www.taxtmi.com/caselaws?id=370894 The Tribunal quashed the reassessment proceedings for A.Y. 2000-01, 2002-03, 2003-04, and 2004-05 due to change of opinion, non-disposal of objections, and initiation beyond four years without failure to disclose material facts. The reduction of deduction under section 80IA/IB and apportionment of income between units were not specifically addressed as the reassessment was invalidated on legal grounds. The reassessment was found to be based on a reappreciation of facts from the original assessment, rendering it impermissible. The assessee's appeals were partly allowed, with reassessment proceedings declared invalid and quashed. en-us Wed, 18 Jul 2018 00:00:00 +0530 Fri, 23 Nov 2018 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370894 The Tribunal quashed the reassessment proceedings for A.Y. 2000-01, 2002-03, 2003-04, and 2004-05 due to change of opinion, non-disposal of objections, and initiation beyond four years without failure to disclose material facts. The reduction of deduction under section 80IA/IB and apportionment of income between units were not specifically addressed as the reassessment was invalidated on legal grounds. The reassessment was found to be based on a reappreciation of facts from the original assessment, rendering it impermissible. The assessee's appeals were partly allowed, with reassessment proceedings declared invalid and quashed. Case-Laws Income Tax Wed, 18 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370894