https://www.taxtmi.com/caselaws?id=176900 The Tribunal allowed all appeals filed by the assessee, directing the AO to grant deductions for payments to AWSC and delete additions for income receivable from AWSC. Adhoc disallowances for various expenses were overturned due to lack of justification. Penalties under section 271(1)(c) were quashed as all additions and disallowances were deleted. The Tribunal did not address the validity of reopening assessments as the favorable decision on merits made the issue moot. en-us Fri, 23 Jul 2010 00:00:00 +0530 Sat, 12 Aug 2023 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176900 The Tribunal allowed all appeals filed by the assessee, directing the AO to grant deductions for payments to AWSC and delete additions for income receivable from AWSC. Adhoc disallowances for various expenses were overturned due to lack of justification. Penalties under section 271(1)(c) were quashed as all additions and disallowances were deleted. The Tribunal did not address the validity of reopening assessments as the favorable decision on merits made the issue moot. Case-Laws Income Tax Fri, 23 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176900