https://www.taxtmi.com/caselaws?id=265790 The Tribunal allowed the appeal regarding the re-opening of assessment proceedings under sections 147/148, finding it unjustified due to exceeding the time limit and lack of opportunity for the appellant to be heard. The income in dispute was determined to be business income rather than income from house property, allowing for depreciation on the building. The issue of agency commission disallowance was dismissed as not pressed by the appellant. The Tribunal partially allowed the appeal on bad debt disallowance, ruling it as genuine and allowable in the course of business activities. en-us Thu, 03 Apr 2014 00:00:00 +0530 Fri, 16 Oct 2015 06:12:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265790 The Tribunal allowed the appeal regarding the re-opening of assessment proceedings under sections 147/148, finding it unjustified due to exceeding the time limit and lack of opportunity for the appellant to be heard. The income in dispute was determined to be business income rather than income from house property, allowing for depreciation on the building. The issue of agency commission disallowance was dismissed as not pressed by the appellant. The Tribunal partially allowed the appeal on bad debt disallowance, ruling it as genuine and allowable in the course of business activities. Case-Laws Income Tax Thu, 03 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265790