https://www.taxtmi.com/caselaws?id=77600 The High Court of Bombay upheld the validity of the assessment proceedings under the Income-tax Act for the assessment year 1994-95, dismissing the challenge raised by the appellant regarding the time limits prescribed under sections 147 and 149. Additionally, the court upheld the Assessing Officer's invocation of section 184(5) for disallowance of deductions claimed by the appellant, ruling that the disallowance and interest calculations were conducted lawfully. The court dismissed all grounds raised by the appellant, affirming the legality of the assessment proceedings and the application of section 184(5). en-us Tue, 14 Jul 2009 00:00:00 +0530 Mon, 27 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77600 The High Court of Bombay upheld the validity of the assessment proceedings under the Income-tax Act for the assessment year 1994-95, dismissing the challenge raised by the appellant regarding the time limits prescribed under sections 147 and 149. Additionally, the court upheld the Assessing Officer's invocation of section 184(5) for disallowance of deductions claimed by the appellant, ruling that the disallowance and interest calculations were conducted lawfully. The court dismissed all grounds raised by the appellant, affirming the legality of the assessment proceedings and the application of section 184(5). Case-Laws Income Tax Tue, 14 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77600