https://www.taxtmi.com/caselaws?id=345805 The Tribunal dismissed ITA Nos. 1339, 1341 & 1342/Mds/2010 and partly allowed ITA No.1340/Mds/2010 for statistical purposes. The CIT(Appeals)'s decision was upheld on various issues, including the invalidity of reopening the assessment without new material evidence, deletion of addition from deferred income to profit and loss account, disallowance of debenture issue expenses, and allowance of deemed interest on loans to subsidiaries. One issue regarding the disallowance of deduction under Section 43B was remitted back to the Assessing Officer for further clarification. en-us Fri, 12 May 2017 00:00:00 +0530 Thu, 27 Jul 2017 08:14:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345805 The Tribunal dismissed ITA Nos. 1339, 1341 & 1342/Mds/2010 and partly allowed ITA No.1340/Mds/2010 for statistical purposes. The CIT(Appeals)'s decision was upheld on various issues, including the invalidity of reopening the assessment without new material evidence, deletion of addition from deferred income to profit and loss account, disallowance of debenture issue expenses, and allowance of deemed interest on loans to subsidiaries. One issue regarding the disallowance of deduction under Section 43B was remitted back to the Assessing Officer for further clarification. Case-Laws Income Tax Fri, 12 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345805