https://www.taxtmi.com/caselaws?id=245797 The appeals against Assessment Year 2005-06 regarding the validity of assessments framed under sections 147/148 of the Income Tax Act, 1961, based on license fee deductions were dismissed. The CIT (A) canceled the assessment orders, deeming the reopening invalid, as the rectification applications filed by the assessee voluntarily reduced losses. The CIT (A) upheld the cancellation, stating that the reopening was unnecessary due to the rectification applications. The Department's contentions were rejected, and the CIT (A)'s decision was affirmed, resulting in the dismissal of the Department's appeals. en-us Fri, 04 Apr 2014 00:00:00 +0530 Tue, 08 Apr 2014 11:52:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245797 The appeals against Assessment Year 2005-06 regarding the validity of assessments framed under sections 147/148 of the Income Tax Act, 1961, based on license fee deductions were dismissed. The CIT (A) canceled the assessment orders, deeming the reopening invalid, as the rectification applications filed by the assessee voluntarily reduced losses. The CIT (A) upheld the cancellation, stating that the reopening was unnecessary due to the rectification applications. The Department's contentions were rejected, and the CIT (A)'s decision was affirmed, resulting in the dismissal of the Department's appeals. Case-Laws Income Tax Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245797