https://www.taxtmi.com/caselaws?id=262448 The tribunal upheld the initiation of reassessment proceedings, rejecting the assessee's arguments on change of opinion, reasons supplied by the AO, and audit objection. It also sustained the addition made by the AO, ruling that the transfer of interest liability to a subsidiary did not constitute actual payment under Section 43B of the Income-tax Act. The tribunal dismissed the appeal, affirming the reassessment and addition. en-us Thu, 06 Aug 2015 00:00:00 +0530 Mon, 09 Nov 2015 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262448 The tribunal upheld the initiation of reassessment proceedings, rejecting the assessee's arguments on change of opinion, reasons supplied by the AO, and audit objection. It also sustained the addition made by the AO, ruling that the transfer of interest liability to a subsidiary did not constitute actual payment under Section 43B of the Income-tax Act. The tribunal dismissed the appeal, affirming the reassessment and addition. Case-Laws Income Tax Thu, 06 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262448