https://www.taxtmi.com/caselaws?id=341901 The Tribunal partly allowed the appeal, validating the reassessment for the receipt of Rs. 7.50 crores from Orbitech Ltd. and confirming the disallowance of legal and professional fees. The reassessment on the non-adjustment of loss from STP units was invalidated as a change of opinion. The appeal was partly allowed for statistical purposes, with directions for the AO to verify the assessee's claims regarding the receipt from Orbitech Ltd. en-us Tue, 11 Apr 2017 00:00:00 +0530 Thu, 20 Apr 2017 12:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341901 The Tribunal partly allowed the appeal, validating the reassessment for the receipt of Rs. 7.50 crores from Orbitech Ltd. and confirming the disallowance of legal and professional fees. The reassessment on the non-adjustment of loss from STP units was invalidated as a change of opinion. The appeal was partly allowed for statistical purposes, with directions for the AO to verify the assessee's claims regarding the receipt from Orbitech Ltd. Case-Laws Income Tax Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341901