https://www.taxtmi.com/caselaws?id=417907 The Tribunal allowed the appeal, quashing the reassessment order due to lack of tangible material for income escaping assessment, absence of failure to disclose material facts, and unjustified reassessment based on change of opinion. The disallowance of performance warranty claim was overturned, and recomputation of book profit under section 115JB was adjusted, citing retrospective amendment limitations. The delay in filing the appeal was condoned, ensuring consideration on merits. en-us Thu, 20 Jan 2022 00:00:00 +0530 Fri, 04 Feb 2022 07:00:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417907 The Tribunal allowed the appeal, quashing the reassessment order due to lack of tangible material for income escaping assessment, absence of failure to disclose material facts, and unjustified reassessment based on change of opinion. The disallowance of performance warranty claim was overturned, and recomputation of book profit under section 115JB was adjusted, citing retrospective amendment limitations. The delay in filing the appeal was condoned, ensuring consideration on merits. Case-Laws Income Tax Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417907