https://www.taxtmi.com/caselaws?id=386494 The Tribunal quashed the reassessment completed under section 143(3)/147 of the Act, as it was based on a change of opinion without new material, rendering it unsustainable. The Assessing Officer's reasons for reopening the assessment were deemed inadequate, and objections raised by the assessee were not addressed, making the reassessment unlawful. Given that all necessary details were provided during the original assessment and previous assessments allowed the claim u/s 10A, the reassessment was unjustified. Consequently, the order of the CIT(A) was set aside, and the appeal of the assessee was allowed. en-us Wed, 07 Aug 2019 00:00:00 +0530 Mon, 30 Sep 2019 09:51:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386494 The Tribunal quashed the reassessment completed under section 143(3)/147 of the Act, as it was based on a change of opinion without new material, rendering it unsustainable. The Assessing Officer's reasons for reopening the assessment were deemed inadequate, and objections raised by the assessee were not addressed, making the reassessment unlawful. Given that all necessary details were provided during the original assessment and previous assessments allowed the claim u/s 10A, the reassessment was unjustified. Consequently, the order of the CIT(A) was set aside, and the appeal of the assessee was allowed. Case-Laws Income Tax Wed, 07 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386494