https://www.taxtmi.com/caselaws?id=347183 The Appellate Tribunal ruled in favor of the assessee on both issues. It found the reopening of assessment under section 147 unjustified, stating that the attempt to disallow interest again was impermissible. The Tribunal upheld the decision of the First Appellate Authority regarding the disallowance of interest under section 40(a)(ia), emphasizing that since the interest amount had already been disallowed in the original assessment, further disallowance was unnecessary. en-us Wed, 16 Aug 2017 00:00:00 +0530 Wed, 30 Aug 2017 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347183 The Appellate Tribunal ruled in favor of the assessee on both issues. It found the reopening of assessment under section 147 unjustified, stating that the attempt to disallow interest again was impermissible. The Tribunal upheld the decision of the First Appellate Authority regarding the disallowance of interest under section 40(a)(ia), emphasizing that since the interest amount had already been disallowed in the original assessment, further disallowance was unnecessary. Case-Laws Income Tax Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347183