https://www.taxtmi.com/caselaws?id=182197 The Tribunal upheld the validity of the reopening of assessment under section 147 due to a "bonafide reason to believe" that income had escaped assessment. However, it directed the AO to allow the depreciation claim on the windmill as the assessee provided evidence of installation before the relevant date. The disallowance of rent paid was upheld, and the issue of consultancy charges was remanded back to the AO for fresh consideration with a directive to provide a reasonable opportunity for the assessee to be heard. en-us Wed, 15 Apr 2009 00:00:00 +0530 Wed, 04 May 2016 17:22:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182197 The Tribunal upheld the validity of the reopening of assessment under section 147 due to a "bonafide reason to believe" that income had escaped assessment. However, it directed the AO to allow the depreciation claim on the windmill as the assessee provided evidence of installation before the relevant date. The disallowance of rent paid was upheld, and the issue of consultancy charges was remanded back to the AO for fresh consideration with a directive to provide a reasonable opportunity for the assessee to be heard. Case-Laws Income Tax Wed, 15 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182197