https://www.taxtmi.com/caselaws?id=343419 The Tribunal upheld the reopening of assessment based on prima facie material, denying the appeal challenging the validity of the reopening. It allowed the claim of expenses against the incentive bonus, citing the jurisdictional high court's decision in favor of the assessee. The Tribunal ordered the deletion of 75% of the conveyance allowance disallowance, upholding the remaining 25% due to lack of detailed evidence. Ultimately, the Tribunal partly allowed all three appeals, providing detailed legal reasoning and resulting in partial success for the assessee. en-us Fri, 19 May 2017 00:00:00 +0530 Thu, 25 May 2017 10:24:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343419 The Tribunal upheld the reopening of assessment based on prima facie material, denying the appeal challenging the validity of the reopening. It allowed the claim of expenses against the incentive bonus, citing the jurisdictional high court's decision in favor of the assessee. The Tribunal ordered the deletion of 75% of the conveyance allowance disallowance, upholding the remaining 25% due to lack of detailed evidence. Ultimately, the Tribunal partly allowed all three appeals, providing detailed legal reasoning and resulting in partial success for the assessee. Case-Laws Income Tax Fri, 19 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343419