https://www.taxtmi.com/caselaws?id=396025 The Tribunal upheld the decision of the CIT(A) in quashing the reopening of the assessment as it was deemed a change of opinion not permissible under the law. The Tribunal emphasized the requirement of "tangible material" for reopening assessments and found the Assessing Officer's actions invalid. Additionally, the Tribunal upheld the allowance of deduction for interest on service tax, following the precedent set by the Jurisdictional High Court, and dismissed both the appeal and cross objection filed by the parties. en-us Thu, 05 Mar 2020 00:00:00 +0530 Thu, 18 Jun 2020 10:49:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396025 The Tribunal upheld the decision of the CIT(A) in quashing the reopening of the assessment as it was deemed a change of opinion not permissible under the law. The Tribunal emphasized the requirement of "tangible material" for reopening assessments and found the Assessing Officer's actions invalid. Additionally, the Tribunal upheld the allowance of deduction for interest on service tax, following the precedent set by the Jurisdictional High Court, and dismissed both the appeal and cross objection filed by the parties. Case-Laws Income Tax Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396025