https://www.taxtmi.com/caselaws?id=251603 The Tribunal upheld the legality and validity of the reopening of assessment under Section 147 for the assessment year 2008-09, based on reports suggesting suppression of export sales. The additions made on account of suppression of export sales were deleted for both the assessment years 2008-09 and 2009-10, as the Tribunal found no evidence of unrecorded income. The Tribunal directed verification and recomputation of mine closure obligations, allowed depreciation on leasehold land, upheld disallowance of certain expenditures while directing allowance of depreciation on others, and instructed examination of CSR expenditure for business purposes. The Tribunal's decisions provided relief on some issues while upholding disallowances on others, ensuring consistency and adherence to legal principles. en-us Fri, 18 Jul 2014 00:00:00 +0530 Sat, 20 Sep 2014 09:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251603 The Tribunal upheld the legality and validity of the reopening of assessment under Section 147 for the assessment year 2008-09, based on reports suggesting suppression of export sales. The additions made on account of suppression of export sales were deleted for both the assessment years 2008-09 and 2009-10, as the Tribunal found no evidence of unrecorded income. The Tribunal directed verification and recomputation of mine closure obligations, allowed depreciation on leasehold land, upheld disallowance of certain expenditures while directing allowance of depreciation on others, and instructed examination of CSR expenditure for business purposes. The Tribunal's decisions provided relief on some issues while upholding disallowances on others, ensuring consistency and adherence to legal principles. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251603