https://www.taxtmi.com/caselaws?id=271384 In a set-aside assessment, the Assessing Officer remains confined to the remand directions and cannot make additions on unrelated or new matters. Income already assessed as undisclosed income in block assessment cannot be taxed again in regular assessment, subject to verification that the same item was in fact covered earlier. On the film purchase cost, the claimed deduction was not fully accepted and a partial disallowance was sustained, while the connected expense disallowance was deleted as beyond the remand scope. Finance charges required fresh examination because allowability depended on the actual business use of funds under the hire purchase arrangement. en-us Wed, 06 Jan 2016 00:00:00 +0530 Tue, 02 Feb 2016 22:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271384 In a set-aside assessment, the Assessing Officer remains confined to the remand directions and cannot make additions on unrelated or new matters. Income already assessed as undisclosed income in block assessment cannot be taxed again in regular assessment, subject to verification that the same item was in fact covered earlier. On the film purchase cost, the claimed deduction was not fully accepted and a partial disallowance was sustained, while the connected expense disallowance was deleted as beyond the remand scope. Finance charges required fresh examination because allowability depended on the actual business use of funds under the hire purchase arrangement. Case-Laws Income Tax Wed, 06 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271384