https://www.taxtmi.com/caselaws?id=219434 The Court upheld the Tribunal's decision to quash reassessment proceedings for assessment years 2004-05 and 2005-06, finding no infirmity in the Tribunal's order. It also affirmed the Tribunal's opinion on the taxability of interest payments claimed by the assessee. However, the Court refrained from ruling on the applicability of Section 45(4) due to insufficient arguments presented, leaving the issue open for future determination. The appeals were dismissed, and the Tribunal's decisions on reassessment proceedings and interest payments deduction were upheld. en-us Thu, 29 Nov 2012 00:00:00 +0530 Thu, 13 Dec 2012 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219434 The Court upheld the Tribunal's decision to quash reassessment proceedings for assessment years 2004-05 and 2005-06, finding no infirmity in the Tribunal's order. It also affirmed the Tribunal's opinion on the taxability of interest payments claimed by the assessee. However, the Court refrained from ruling on the applicability of Section 45(4) due to insufficient arguments presented, leaving the issue open for future determination. The appeals were dismissed, and the Tribunal's decisions on reassessment proceedings and interest payments deduction were upheld. Case-Laws Income Tax Thu, 29 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219434