https://www.taxtmi.com/caselaws?id=310334 The Tribunal ruled predominantly in favor of the assessee, invalidating the reopening of assessment under Section 147 due to a mere change of opinion and affirming deductions under Section 80IA for specific projects. It directed the recomputation of interest under Sections 234B, 234C, and 234D and allowed deductions for certain expenses. Additionally, it held that specific disallowances should not be added back in computing book profits under Section 115JB. The Tribunal's decisions adhered to the principles of consistency and the doctrine of merger, maintaining that once a deduction is granted, it should remain undisturbed unless the initial allowance is invalidated. en-us Mon, 24 Apr 2023 00:00:00 +0530 Wed, 18 Dec 2024 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310334 The Tribunal ruled predominantly in favor of the assessee, invalidating the reopening of assessment under Section 147 due to a mere change of opinion and affirming deductions under Section 80IA for specific projects. It directed the recomputation of interest under Sections 234B, 234C, and 234D and allowed deductions for certain expenses. Additionally, it held that specific disallowances should not be added back in computing book profits under Section 115JB. The Tribunal's decisions adhered to the principles of consistency and the doctrine of merger, maintaining that once a deduction is granted, it should remain undisturbed unless the initial allowance is invalidated. Case-Laws Income Tax Mon, 24 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310334