https://www.taxtmi.com/caselaws?id=262492 The Tribunal allowed the appeal in a case concerning the reopening of assessment under sections 147/148 of the Income Tax Act and the disallowance under section 40(a)(ia). The Tribunal held that there was no failure on the part of the assessee to disclose material facts for income computation and that the TDS compliance was timely. Consequently, the reassessment was deemed unjustified, and the disallowance under section 40(a)(ia) was deleted. The Tribunal's decision favored the assessee, emphasizing adherence to legal provisions and precedents in resolving the issues raised. en-us Fri, 16 Jan 2015 00:00:00 +0530 Fri, 15 May 2015 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262492 The Tribunal allowed the appeal in a case concerning the reopening of assessment under sections 147/148 of the Income Tax Act and the disallowance under section 40(a)(ia). The Tribunal held that there was no failure on the part of the assessee to disclose material facts for income computation and that the TDS compliance was timely. Consequently, the reassessment was deemed unjustified, and the disallowance under section 40(a)(ia) was deleted. The Tribunal's decision favored the assessee, emphasizing adherence to legal provisions and precedents in resolving the issues raised. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262492