https://www.taxtmi.com/caselaws?id=301692 The Tribunal allowed the appeal, finding the reopening of the assessment invalid under Section 147 of the Income Tax Act as it lacked fresh tangible material and was based on a mere change of opinion. Consequently, the disallowances of various expenses were not individually addressed, and the original assessment was upheld, rendering subsequent proceedings void ab initio. The appeal for the assessment year 2009-2010 was allowed on 28th August 2020. en-us Fri, 28 Aug 2020 00:00:00 +0530 Sat, 16 Apr 2022 08:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301692 The Tribunal allowed the appeal, finding the reopening of the assessment invalid under Section 147 of the Income Tax Act as it lacked fresh tangible material and was based on a mere change of opinion. Consequently, the disallowances of various expenses were not individually addressed, and the original assessment was upheld, rendering subsequent proceedings void ab initio. The appeal for the assessment year 2009-2010 was allowed on 28th August 2020. Case-Laws Income Tax Fri, 28 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301692