https://www.taxtmi.com/caselaws?id=261486 The Tribunal upheld the First Appellate Authority's decisions, ruling the reassessment proceedings invalid under Section 148 of the Income Tax Act due to lack of new tangible material, and deleting the disallowance under Section 36(1)(iii) as advances were made for business purposes from sufficient own funds. The Revenue's appeals were dismissed. en-us Fri, 10 Apr 2015 00:00:00 +0530 Mon, 13 Jul 2015 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261486 The Tribunal upheld the First Appellate Authority's decisions, ruling the reassessment proceedings invalid under Section 148 of the Income Tax Act due to lack of new tangible material, and deleting the disallowance under Section 36(1)(iii) as advances were made for business purposes from sufficient own funds. The Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261486