https://www.taxtmi.com/caselaws?id=264961 The Tribunal held that the reopening of assessments by the Revenue for different years, disallowing foreign travel expenses, was barred by limitation under section 150 of the Income Tax Act. The Tribunal emphasized that its observations did not constitute directions under the Act, rejecting the Revenue's appeal. The Tribunal clarified that the observations should not set a precedent for regular assessment proceedings and found the reopened assessments unsustainable in law. en-us Fri, 26 Sep 2014 00:00:00 +0530 Mon, 05 Oct 2015 06:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264961 The Tribunal held that the reopening of assessments by the Revenue for different years, disallowing foreign travel expenses, was barred by limitation under section 150 of the Income Tax Act. The Tribunal emphasized that its observations did not constitute directions under the Act, rejecting the Revenue's appeal. The Tribunal clarified that the observations should not set a precedent for regular assessment proceedings and found the reopened assessments unsustainable in law. Case-Laws Income Tax Fri, 26 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264961