https://www.taxtmi.com/caselaws?id=295696 The Tribunal quashed the reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, as they were deemed invalid due to being based on a change of opinion without any new material. The Tribunal did not delve into the merits of the treatment of External Development Charges (EDC) as the reassessment order was already set aside. The appeal of the assessee was partly allowed. en-us Thu, 28 Dec 2017 00:00:00 +0530 Wed, 16 Jun 2021 10:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295696 The Tribunal quashed the reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, as they were deemed invalid due to being based on a change of opinion without any new material. The Tribunal did not delve into the merits of the treatment of External Development Charges (EDC) as the reassessment order was already set aside. The appeal of the assessee was partly allowed. Case-Laws Income Tax Thu, 28 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295696