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2010 (12) TMI 820 - AT - Income TaxDepreciation - Reopening - Rectification of mistakes - Supreme Court in the case of CIT vs. Kelvinator of India Ltd. (2010 -TMI - 35201 - SUPREME COURT OF INDIA) held that reopening cannot be made on a mere change of opinion. Once the AO has formed an opinion that the asset in question is not goodwill but an intangible asset eligible for depreciation, the notice given u/s 148 on a change of opinion cannot be sustained - Decided in favour of the assessee
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