https://www.taxtmi.com/caselaws?id=327269 The Tribunal upheld the reopening of the assessment under Section 147 but found that the disallowance of depreciation on the bio-gas plants was not conclusively proved by the lower authorities. The matter was restored to the AO for fresh consideration. The Tribunal also upheld the CIT(A)'s decision to delete the penalty imposed under Section 271(1)(c), finding no justification for the penalty based on the evidences presented. en-us Mon, 28 Mar 2016 00:00:00 +0530 Sat, 07 May 2016 11:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327269 The Tribunal upheld the reopening of the assessment under Section 147 but found that the disallowance of depreciation on the bio-gas plants was not conclusively proved by the lower authorities. The matter was restored to the AO for fresh consideration. The Tribunal also upheld the CIT(A)'s decision to delete the penalty imposed under Section 271(1)(c), finding no justification for the penalty based on the evidences presented. Case-Laws Income Tax Mon, 28 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327269