https://www.taxtmi.com/caselaws?id=780042 ITAT MUMBAI (AT) held the reassessment under s.147 invalid because the AO had no fresh tangible material after completion of assessment u/s.143(3) r.w.s.144C(3) and merely reviewed earlier conclusions and relied on records already on file and a subsequent year's assessment. The CIT(A)'s decision upholding the assessee's entitlement to exemptions u/s.10A and 10AA was sustained, and Revenue's grounds on jurisdiction and denial of those exemptions were dismissed. en-us Mon, 22 Sep 2025 00:00:00 +0530 Fri, 17 Oct 2025 08:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780042 ITAT MUMBAI (AT) held the reassessment under s.147 invalid because the AO had no fresh tangible material after completion of assessment u/s.143(3) r.w.s.144C(3) and merely reviewed earlier conclusions and relied on records already on file and a subsequent year's assessment. The CIT(A)'s decision upholding the assessee's entitlement to exemptions u/s.10A and 10AA was sustained, and Revenue's grounds on jurisdiction and denial of those exemptions were dismissed. Case-Laws Income Tax Mon, 22 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780042