https://www.taxtmi.com/caselaws?id=211835 The Tribunal upheld the reopening of the assessment under section 147 of the Income Tax Act, finding valid reasons for reassessment and compliance with the prescribed time limit. The Tribunal also affirmed the computation of deduction under section 80-HHC in accordance with the amended provisions, following the Bombay High Court's decision. The appeal filed by the assessee was dismissed, supporting the AO's actions and the application of the relevant tax laws. en-us Wed, 30 Nov 2011 00:00:00 +0530 Thu, 05 Apr 2012 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211835 The Tribunal upheld the reopening of the assessment under section 147 of the Income Tax Act, finding valid reasons for reassessment and compliance with the prescribed time limit. The Tribunal also affirmed the computation of deduction under section 80-HHC in accordance with the amended provisions, following the Bombay High Court's decision. The appeal filed by the assessee was dismissed, supporting the AO's actions and the application of the relevant tax laws. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211835