https://www.taxtmi.com/caselaws?id=409068 The Tribunal dismissed the revenue's appeals for Assessment Years 2010-11 and 2011-12, upholding the CIT(A)'s decisions on the validity of reopening assessments under Section 148 of the Income Tax Act and eligibility for deduction under Section 80IB. The Tribunal found the reassessments invalid as they were based on a mere change of opinion without new material. Additionally, the Tribunal confirmed the eligibility for deduction under Section 80IB as the plant was ready for production within the statutory time limit. en-us Tue, 25 May 2021 00:00:00 +0530 Tue, 29 Jun 2021 09:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409068 The Tribunal dismissed the revenue's appeals for Assessment Years 2010-11 and 2011-12, upholding the CIT(A)'s decisions on the validity of reopening assessments under Section 148 of the Income Tax Act and eligibility for deduction under Section 80IB. The Tribunal found the reassessments invalid as they were based on a mere change of opinion without new material. Additionally, the Tribunal confirmed the eligibility for deduction under Section 80IB as the plant was ready for production within the statutory time limit. Case-Laws Income Tax Tue, 25 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409068