https://www.taxtmi.com/caselaws?id=239128 The department's appeal regarding the validity of reopening the assessment under Section 147 of the Income Tax Act was partly allowed for statistical purposes. The matter was remitted back to the CIT (A) for fresh consideration to verify if the AO had considered the agreement and letter during the original assessment. The CIT (A) was instructed to decide on the validity of reopening first, and if found valid, then address the merits of the disallowance of Rs.1.5 crores claimed as expenditure by the assessee. en-us Fri, 24 May 2013 00:00:00 +0530 Thu, 07 Nov 2013 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239128 The department's appeal regarding the validity of reopening the assessment under Section 147 of the Income Tax Act was partly allowed for statistical purposes. The matter was remitted back to the CIT (A) for fresh consideration to verify if the AO had considered the agreement and letter during the original assessment. The CIT (A) was instructed to decide on the validity of reopening first, and if found valid, then address the merits of the disallowance of Rs.1.5 crores claimed as expenditure by the assessee. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239128