https://www.taxtmi.com/caselaws?id=151706 The Tribunal partially allowed the assessee's appeals, setting aside the reopening of the 1997-98 assessment for fresh adjudication while upholding the reopening for other years. It deemed the rejection of books unjustified but retained a 5% addition to construction costs based on the DVO's report. The assessee's deduction claim under section 37 was denied, and interest and penalty proceedings were upheld as per the Act. en-us Mon, 27 Aug 2007 00:00:00 +0530 Mon, 27 May 2024 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151706 The Tribunal partially allowed the assessee's appeals, setting aside the reopening of the 1997-98 assessment for fresh adjudication while upholding the reopening for other years. It deemed the rejection of books unjustified but retained a 5% addition to construction costs based on the DVO's report. The assessee's deduction claim under section 37 was denied, and interest and penalty proceedings were upheld as per the Act. Case-Laws Income Tax Mon, 27 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151706