https://www.taxtmi.com/caselaws?id=120017 The Tribunal held the reopening of the assessment under section 147 to be legally unsustainable due to lack of material indicating income escape. Additionally, the Tribunal allowed the deduction of Rs. 47 lakhs claimed by the assessee, deleting the addition made by the AO. The appeal of the assessee was fully allowed. en-us Tue, 22 Aug 2006 00:00:00 +0530 Mon, 16 Jul 2012 12:51:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120017 The Tribunal held the reopening of the assessment under section 147 to be legally unsustainable due to lack of material indicating income escape. Additionally, the Tribunal allowed the deduction of Rs. 47 lakhs claimed by the assessee, deleting the addition made by the AO. The appeal of the assessee was fully allowed. Case-Laws Income Tax Tue, 22 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120017