https://www.taxtmi.com/caselaws?id=421517 The Tribunal deemed the reopening of the assessment under Section 148 invalid, as it was solely based on a change of opinion without new material evidence. Consequently, the appeal was allowed in favor of the assessee. The challenges related to the denial of deduction under Section 54F and the calculation of interest under Section 234B were considered moot due to the invalidity of the assessment reopening. en-us Fri, 22 Apr 2022 00:00:00 +0530 Tue, 26 Apr 2022 08:17:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421517 The Tribunal deemed the reopening of the assessment under Section 148 invalid, as it was solely based on a change of opinion without new material evidence. Consequently, the appeal was allowed in favor of the assessee. The challenges related to the denial of deduction under Section 54F and the calculation of interest under Section 234B were considered moot due to the invalidity of the assessment reopening. Case-Laws Income Tax Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421517