https://www.taxtmi.com/caselaws?id=250358 The Tribunal quashed assessment orders in favor of the appellant, citing lack of fresh material for reopening assessments under Section 148. The Tribunal upheld the addition of rent-free accommodation value as income from salary, rejecting appellant's justifications. Disallowed expenses in professional income were upheld due to insufficient justification by the appellant. The penalty under Section 271(1)(c) was canceled as appellant disclosed relevant facts, not concealing income. The Tribunal allowed appeals in four cases and dismissed one, addressing assessment validity, perquisite treatment, expense disallowance, and penalty issues. Judgments were delivered on 25th July 2014. en-us Fri, 25 Jul 2014 00:00:00 +0530 Wed, 11 Mar 2015 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250358 The Tribunal quashed assessment orders in favor of the appellant, citing lack of fresh material for reopening assessments under Section 148. The Tribunal upheld the addition of rent-free accommodation value as income from salary, rejecting appellant's justifications. Disallowed expenses in professional income were upheld due to insufficient justification by the appellant. The penalty under Section 271(1)(c) was canceled as appellant disclosed relevant facts, not concealing income. The Tribunal allowed appeals in four cases and dismissed one, addressing assessment validity, perquisite treatment, expense disallowance, and penalty issues. Judgments were delivered on 25th July 2014. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250358