https://www.taxtmi.com/caselaws?id=195372 The Income Tax Appellate Tribunal (ITAT) allowed the assessee's appeal regarding the treatment of excess application of income, directing the deletion of the addition made by the Assessing Officer. The ITAT also dismissed the Revenue's appeal on the carry forward of long-term capital loss. The issue of the validity of reopening the assessment was not adjudicated due to the deletion of the additions, rendering it academic. en-us Fri, 20 Jan 2017 00:00:00 +0530 Sat, 28 Oct 2017 10:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195372 The Income Tax Appellate Tribunal (ITAT) allowed the assessee's appeal regarding the treatment of excess application of income, directing the deletion of the addition made by the Assessing Officer. The ITAT also dismissed the Revenue's appeal on the carry forward of long-term capital loss. The issue of the validity of reopening the assessment was not adjudicated due to the deletion of the additions, rendering it academic. Case-Laws Income Tax Fri, 20 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195372