https://www.taxtmi.com/caselaws?id=186127 The Tribunal canceled the reassessment proceedings for the A.Y. 1998-99 as they were time-barred under sections 147/148 of the Income Tax Act, 1961. For the A.Y. 2004-05, the Tribunal upheld the allocation of common expenses based on turnover but rejected the additional allocation of traveling and conveyance expenses to Unit II. en-us Fri, 22 Jan 2010 00:00:00 +0530 Wed, 07 Sep 2016 18:23:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186127 The Tribunal canceled the reassessment proceedings for the A.Y. 1998-99 as they were time-barred under sections 147/148 of the Income Tax Act, 1961. For the A.Y. 2004-05, the Tribunal upheld the allocation of common expenses based on turnover but rejected the additional allocation of traveling and conveyance expenses to Unit II. Case-Laws Income Tax Fri, 22 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186127