https://www.taxtmi.com/caselaws?id=185970 The Tribunal quashed the reassessment orders for all years under consideration as no additions were made in relation to the issues recorded for reopening under section 147. Consequently, the disallowance of 20% of direct and indirect expenses, addition based on survey statements, and inclusion of security deposit in GNST were deemed infructuous. The reassessment was held invalid and bad in law, leading to the dismissal of other grounds of appeal. en-us Fri, 11 Jun 2010 00:00:00 +0530 Sat, 03 Sep 2016 17:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185970 The Tribunal quashed the reassessment orders for all years under consideration as no additions were made in relation to the issues recorded for reopening under section 147. Consequently, the disallowance of 20% of direct and indirect expenses, addition based on survey statements, and inclusion of security deposit in GNST were deemed infructuous. The reassessment was held invalid and bad in law, leading to the dismissal of other grounds of appeal. Case-Laws Income Tax Fri, 11 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185970