https://www.taxtmi.com/caselaws?id=211537 The court dismissed the writ petition challenging the reopening of assessment under the Income Tax Act. The petitioner's objections were rejected, emphasizing the taxability of the Transport Infrastructure Utilisation Fund (TIUF) and interest earned. Previous judgments supported the petitioner's position that TIUF should not be included in assessable income. The court upheld tribunal decisions on the fund's nature and related expenses. It was clarified that no opinion on merits was expressed, granting the petitioner the opportunity to argue against previous decisions due to changed circumstances. No costs were awarded. en-us Tue, 20 Mar 2012 00:00:00 +0530 Fri, 28 Jun 2013 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211537 The court dismissed the writ petition challenging the reopening of assessment under the Income Tax Act. The petitioner's objections were rejected, emphasizing the taxability of the Transport Infrastructure Utilisation Fund (TIUF) and interest earned. Previous judgments supported the petitioner's position that TIUF should not be included in assessable income. The court upheld tribunal decisions on the fund's nature and related expenses. It was clarified that no opinion on merits was expressed, granting the petitioner the opportunity to argue against previous decisions due to changed circumstances. No costs were awarded. Case-Laws Income Tax Tue, 20 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211537