https://www.taxtmi.com/caselaws?id=178724 The tribunal upheld the reopening of the assessment under Section 147, disallowing prior period expenses due to discrepancies. The deduction under Section 80HHC was computed per a specific decision. Tooling expenses were partially disallowed as capital expenditure, and interest expenditure was remanded for recomputation. Provision for commission was remanded for verification, while commission paid to directors was partially disallowed. Bad debts were disallowed for lack of details, and other expenses were allowed based on precedents. The issue of long-term capital loss was remanded for further examination, emphasizing the need for detailed evidence in tax claims. en-us Wed, 21 Sep 2011 00:00:00 +0530 Thu, 11 Feb 2016 15:31:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178724 The tribunal upheld the reopening of the assessment under Section 147, disallowing prior period expenses due to discrepancies. The deduction under Section 80HHC was computed per a specific decision. Tooling expenses were partially disallowed as capital expenditure, and interest expenditure was remanded for recomputation. Provision for commission was remanded for verification, while commission paid to directors was partially disallowed. Bad debts were disallowed for lack of details, and other expenses were allowed based on precedents. The issue of long-term capital loss was remanded for further examination, emphasizing the need for detailed evidence in tax claims. Case-Laws Income Tax Wed, 21 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178724