https://www.taxtmi.com/caselaws?id=249957 The Tribunal upheld the reopening of assessment under Section 147, finding a prima facie basis for reassessment. However, the Tribunal ruled in favor of the Assessee regarding the suppression of sale value of exports, disallowance of additional depreciation, and disallowance of CSR expenses. The Tribunal also directed the A.O. to allow the claim of expenses of earlier years. On the other hand, the Tribunal upheld the CIT(A)'s decisions on disallowances under Section 40(a)(ia), mine closure obligations, and interest under Section 115P, dismissing the Revenue's appeals. en-us Fri, 09 May 2014 00:00:00 +0530 Mon, 30 Jun 2014 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249957 The Tribunal upheld the reopening of assessment under Section 147, finding a prima facie basis for reassessment. However, the Tribunal ruled in favor of the Assessee regarding the suppression of sale value of exports, disallowance of additional depreciation, and disallowance of CSR expenses. The Tribunal also directed the A.O. to allow the claim of expenses of earlier years. On the other hand, the Tribunal upheld the CIT(A)'s decisions on disallowances under Section 40(a)(ia), mine closure obligations, and interest under Section 115P, dismissing the Revenue's appeals. Case-Laws Income Tax Fri, 09 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249957