https://www.taxtmi.com/caselaws?id=264678 The Tribunal allowed the appeal by the assessee, canceling the reopening of assessment under sections 147/148 due to factual inaccuracies. It supported the appellant's claims for deduction under section 80HHC, ruling in their favor against the disallowance by the Assessing Officer. Additionally, the Tribunal directed the deletion of the disallowance of interest on interest-free funds advanced to related parties, finding no nexus between the funds and the advances. en-us Mon, 31 Aug 2015 00:00:00 +0530 Wed, 30 Sep 2015 06:23:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264678 The Tribunal allowed the appeal by the assessee, canceling the reopening of assessment under sections 147/148 due to factual inaccuracies. It supported the appellant's claims for deduction under section 80HHC, ruling in their favor against the disallowance by the Assessing Officer. Additionally, the Tribunal directed the deletion of the disallowance of interest on interest-free funds advanced to related parties, finding no nexus between the funds and the advances. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264678