https://www.taxtmi.com/caselaws?id=266435 The Tribunal ruled in favor of the Revenue regarding the depreciation rate on the Networking Project and the nature of expenditure on Total Productivity Maintenance Programmed and ISO 9001 certification. However, the Tribunal sided with the Assessee on the validity of reopening assessment under Section 147/148 of the Income Tax Act, declaring the reassessment proceedings invalid and dismissing the Revenue's appeal. The Tribunal's decision was based on legal precedents and Supreme Court judgments, ensuring a comprehensive and legally sound judgment. en-us Thu, 03 Sep 2015 00:00:00 +0530 Mon, 09 Nov 2015 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266435 The Tribunal ruled in favor of the Revenue regarding the depreciation rate on the Networking Project and the nature of expenditure on Total Productivity Maintenance Programmed and ISO 9001 certification. However, the Tribunal sided with the Assessee on the validity of reopening assessment under Section 147/148 of the Income Tax Act, declaring the reassessment proceedings invalid and dismissing the Revenue's appeal. The Tribunal's decision was based on legal precedents and Supreme Court judgments, ensuring a comprehensive and legally sound judgment. Case-Laws Income Tax Thu, 03 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266435