https://www.taxtmi.com/caselaws?id=70555 The ITAT MADRAS-D allowed the appeal of the assessee limited company against the reopening of assessment under s. 147(b) and disallowance of Rs. 30,102 spent on research purposes. The reassessment was deemed illegal based on the Supreme Court decision in Indian & Eastern Newspaper Society vs. CIT. The audit notes did not provide correct legal positions and were not supported by court decisions. The appeal was allowed. en-us Tue, 13 Nov 1979 00:00:00 +0530 Mon, 18 Apr 2011 09:53:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70555 The ITAT MADRAS-D allowed the appeal of the assessee limited company against the reopening of assessment under s. 147(b) and disallowance of Rs. 30,102 spent on research purposes. The reassessment was deemed illegal based on the Supreme Court decision in Indian & Eastern Newspaper Society vs. CIT. The audit notes did not provide correct legal positions and were not supported by court decisions. The appeal was allowed. Case-Laws Income Tax Tue, 13 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70555