https://www.taxtmi.com/caselaws?id=423949 The ITAT dismissed the Revenue's appeals for both assessment years, affirming the firm's eligibility for deduction under Section 80IA(4) as a consortium of companies and ruling the assessment reopening invalid due to a mere change of opinion. The assessee's claim for depreciation on intangible assets, specifically the right to collect toll, was upheld, following consistent judicial precedents. The order was pronounced on 13th June 2022. en-us Mon, 13 Jun 2022 00:00:00 +0530 Fri, 17 Jun 2022 19:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423949 The ITAT dismissed the Revenue's appeals for both assessment years, affirming the firm's eligibility for deduction under Section 80IA(4) as a consortium of companies and ruling the assessment reopening invalid due to a mere change of opinion. The assessee's claim for depreciation on intangible assets, specifically the right to collect toll, was upheld, following consistent judicial precedents. The order was pronounced on 13th June 2022. Case-Laws Income Tax Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423949