https://www.taxtmi.com/caselaws?id=215806 The ITAT dismissed the department's appeal regarding the disallowance of advertisement expenses under section 37(1) and the validity of reopening assessment proceedings under section 148. The Tribunal upheld previous decisions favoring the assessee, ruling that there was no tangible material to support the reopening and a lack of connection between the reasons recorded and income escapement belief. The department's appeal was dismissed, and the cross objection by the assessee was allowed, resulting in a favorable outcome for the assessee in both issues. en-us Fri, 29 Jun 2012 00:00:00 +0530 Sat, 18 Aug 2012 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215806 The ITAT dismissed the department's appeal regarding the disallowance of advertisement expenses under section 37(1) and the validity of reopening assessment proceedings under section 148. The Tribunal upheld previous decisions favoring the assessee, ruling that there was no tangible material to support the reopening and a lack of connection between the reasons recorded and income escapement belief. The department's appeal was dismissed, and the cross objection by the assessee was allowed, resulting in a favorable outcome for the assessee in both issues. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215806