https://www.taxtmi.com/caselaws?id=185689 The Tribunal upheld the re-opening of assessment u/s 147, ruling it was not based on a change of opinion but on unconsidered provisions. Deductions u/s 80 HHC were disallowed for interest and rental income but allowed for business-related incomes like sales tax set off and excise duty refund. Similarly, deductions u/s 80IB were permitted for business operation-derived incomes but not for incidental business income like interest and rental income. The appeal was partly allowed, affirming the re-opening and disallowance of specific deductions while permitting others. en-us Wed, 24 Aug 2011 00:00:00 +0530 Tue, 23 Aug 2016 16:24:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185689 The Tribunal upheld the re-opening of assessment u/s 147, ruling it was not based on a change of opinion but on unconsidered provisions. Deductions u/s 80 HHC were disallowed for interest and rental income but allowed for business-related incomes like sales tax set off and excise duty refund. Similarly, deductions u/s 80IB were permitted for business operation-derived incomes but not for incidental business income like interest and rental income. The appeal was partly allowed, affirming the re-opening and disallowance of specific deductions while permitting others. Case-Laws Income Tax Wed, 24 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185689