https://www.taxtmi.com/caselaws?id=244946 The ITAT Mumbai partially allowed the appeal in the case concerning the validity of reopening the assessment for AY 2004-05. The ITAT directed the AO to allow the claim of Rs.22,81,707 for expenditure under "Miscellaneous Provision" related to expenses incurred by mutual funds, excluding Rs.7,18,293 to prevent double taxation. As the assessee was content with this decision, the ITAT did not address the validity of the reopening issue, treating the appeal as partly allowed for statistical purposes. en-us Fri, 21 Feb 2014 00:00:00 +0530 Thu, 13 Mar 2014 08:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244946 The ITAT Mumbai partially allowed the appeal in the case concerning the validity of reopening the assessment for AY 2004-05. The ITAT directed the AO to allow the claim of Rs.22,81,707 for expenditure under "Miscellaneous Provision" related to expenses incurred by mutual funds, excluding Rs.7,18,293 to prevent double taxation. As the assessee was content with this decision, the ITAT did not address the validity of the reopening issue, treating the appeal as partly allowed for statistical purposes. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244946