https://www.taxtmi.com/caselaws?id=236368 The Tribunal dismissed both appeals by the Revenue, upholding the CIT(A)'s orders on all issues. This included the exclusion of Rs.17,75,851 from other income, deletion of Rs.3,10,20,000, non-allowance of deduction of Rs.9,36,09,750, and the invalidity of reopening the assessment for the assessment year 2001-02. The Tribunal emphasized the significance of establishing a direct nexus, proper disclosure of material facts, and compliance with legal provisions under S.147 and S.115JA. en-us Fri, 31 May 2013 00:00:00 +0530 Sat, 24 Aug 2013 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236368 The Tribunal dismissed both appeals by the Revenue, upholding the CIT(A)'s orders on all issues. This included the exclusion of Rs.17,75,851 from other income, deletion of Rs.3,10,20,000, non-allowance of deduction of Rs.9,36,09,750, and the invalidity of reopening the assessment for the assessment year 2001-02. The Tribunal emphasized the significance of establishing a direct nexus, proper disclosure of material facts, and compliance with legal provisions under S.147 and S.115JA. Case-Laws Income Tax Fri, 31 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236368