https://www.taxtmi.com/caselaws?id=212522 Reassessment after processing a return under section 143(1) was discussed as permissible without the same fresh-material requirement that applies to a completed assessment, where the audit report and surrounding material gave prima facie belief of escaped income. Lease registration and stamp duty expenses were treated as capital in nature because they were incurred to obtain lease rights and business premises, so they were not deductible as revenue expenditure. In transfer pricing, the assessee's comparables were accepted and selected TPO comparables were excluded for functional and transaction-based differences, leaving the margin within the tolerance range. Prior period EDP and communication expenses were allowed in the year tax was deducted and deposited, subject to verification against double deduction. en-us Wed, 09 Nov 2011 00:00:00 +0530 Wed, 18 Mar 2026 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212522 Reassessment after processing a return under section 143(1) was discussed as permissible without the same fresh-material requirement that applies to a completed assessment, where the audit report and surrounding material gave prima facie belief of escaped income. Lease registration and stamp duty expenses were treated as capital in nature because they were incurred to obtain lease rights and business premises, so they were not deductible as revenue expenditure. In transfer pricing, the assessee's comparables were accepted and selected TPO comparables were excluded for functional and transaction-based differences, leaving the margin within the tolerance range. Prior period EDP and communication expenses were allowed in the year tax was deducted and deposited, subject to verification against double deduction. Case-Laws Income Tax Wed, 09 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212522