https://www.taxtmi.com/caselaws?id=185968 The Tribunal held that the Assessing Officer was not justified in reopening the assessments under Section 147 for the relevant years. The belief of escapement of income was deemed unjustified as the return of income was filed by the assessee, and the reasons for reopening did not specifically pertain to the relevant assessment years. Additionally, the Tribunal reduced the disallowance of expenses from 20% to 10% after considering the arguments presented. en-us Fri, 18 Jun 2010 00:00:00 +0530 Sat, 03 Sep 2016 17:14:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185968 The Tribunal held that the Assessing Officer was not justified in reopening the assessments under Section 147 for the relevant years. The belief of escapement of income was deemed unjustified as the return of income was filed by the assessee, and the reasons for reopening did not specifically pertain to the relevant assessment years. Additionally, the Tribunal reduced the disallowance of expenses from 20% to 10% after considering the arguments presented. Case-Laws Income Tax Fri, 18 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185968