https://www.taxtmi.com/caselaws?id=366604 The Appellate Tribunal upheld the validity of reopening assessment under section 147 for the assessment year 2008-09, dismissing the appellant's challenge. The disallowance of loss on mutilated notes was partially allowed for both assessment years, directing the Assessing Officer to allow 20% of the claim. The disallowance of interest for want of TDS for the assessment year 2008-09 was confirmed, leading to the dismissal of the appellant's appeal for that year. The appeal for the assessment year 2009-10 was partly allowed for statistical purposes based on the Tribunal's analysis of the issues raised. en-us Fri, 25 May 2018 00:00:00 +0530 Fri, 07 Sep 2018 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366604 The Appellate Tribunal upheld the validity of reopening assessment under section 147 for the assessment year 2008-09, dismissing the appellant's challenge. The disallowance of loss on mutilated notes was partially allowed for both assessment years, directing the Assessing Officer to allow 20% of the claim. The disallowance of interest for want of TDS for the assessment year 2008-09 was confirmed, leading to the dismissal of the appellant's appeal for that year. The appeal for the assessment year 2009-10 was partly allowed for statistical purposes based on the Tribunal's analysis of the issues raised. Case-Laws Income Tax Fri, 25 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366604