https://www.taxtmi.com/caselaws?id=68270 The Tribunal upheld the validity of reopening the case under Section 148 of the IT Act, dismissing the challenge by the assessee. It also affirmed the disallowance of penalty imposed by the Customs Department. However, the Tribunal allowed the deduction under Section 80HHC for counter sales to foreign tourists. Additionally, the Tribunal upheld the CIT(A)'s deletion of various additions made by the AO under reassessment proceedings, including trading additions, manufacturing expenses, foreign travel expenses, telephone and telex expenses, travelling expenses, and unexplained deposits in the partner's capital account. The assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. en-us Mon, 21 May 2007 00:00:00 +0530 Wed, 11 Jul 2012 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68270 The Tribunal upheld the validity of reopening the case under Section 148 of the IT Act, dismissing the challenge by the assessee. It also affirmed the disallowance of penalty imposed by the Customs Department. However, the Tribunal allowed the deduction under Section 80HHC for counter sales to foreign tourists. Additionally, the Tribunal upheld the CIT(A)'s deletion of various additions made by the AO under reassessment proceedings, including trading additions, manufacturing expenses, foreign travel expenses, telephone and telex expenses, travelling expenses, and unexplained deposits in the partner's capital account. The assessee's appeal was partly allowed, and the Revenue's appeal was dismissed. Case-Laws Income Tax Mon, 21 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68270