https://www.taxtmi.com/caselaws?id=343173 The appellate tribunal upheld the decision of the CIT(A) in a case involving the validity of reopening the assessment under Section 147 and the correctness of apportioning expenses at 75.70%. The tribunal deemed the reopening of the assessment invalid as all relevant details were available during the original assessment. It also agreed with the CIT(A) that the apportionment of expenses at 75.70% was justified. Consequently, the Revenue's appeal was dismissed, and the CIT(A)'s order was affirmed. en-us Wed, 17 May 2017 00:00:00 +0530 Sat, 20 May 2017 09:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343173 The appellate tribunal upheld the decision of the CIT(A) in a case involving the validity of reopening the assessment under Section 147 and the correctness of apportioning expenses at 75.70%. The tribunal deemed the reopening of the assessment invalid as all relevant details were available during the original assessment. It also agreed with the CIT(A) that the apportionment of expenses at 75.70% was justified. Consequently, the Revenue's appeal was dismissed, and the CIT(A)'s order was affirmed. Case-Laws Income Tax Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343173