https://www.taxtmi.com/caselaws?id=353947 The Tribunal dismissed the challenge against the reopening of the assessment under Section 147, holding that the original assessment did not address the depreciation claim on BGSE and NSE cards. The Tribunal directed further examination by the Assessing Officer to determine the rights conferred by the memberships and their compliance with relevant regulations. The appeals were allowed for statistical purposes pending the AO's reassessment. en-us Fri, 06 Oct 2017 00:00:00 +0530 Fri, 02 Feb 2018 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353947 The Tribunal dismissed the challenge against the reopening of the assessment under Section 147, holding that the original assessment did not address the depreciation claim on BGSE and NSE cards. The Tribunal directed further examination by the Assessing Officer to determine the rights conferred by the memberships and their compliance with relevant regulations. The appeals were allowed for statistical purposes pending the AO's reassessment. Case-Laws Income Tax Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353947