https://www.taxtmi.com/caselaws?id=377959 The tribunal allowed all grounds of appeal for the assessment years 2007-08 to 2008-09. It deemed the reopening of assessment under Section 147 unjustified, upheld the validity of the revised return of income, and approved the set-off and carry forward of business losses and unabsorbed depreciation. The tribunal also found the rectification of the mistake under Section 154 appropriate. The order was pronounced in favor of the assessee on 28-01-2019. en-us Mon, 28 Jan 2019 00:00:00 +0530 Sat, 06 Apr 2019 06:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377959 The tribunal allowed all grounds of appeal for the assessment years 2007-08 to 2008-09. It deemed the reopening of assessment under Section 147 unjustified, upheld the validity of the revised return of income, and approved the set-off and carry forward of business losses and unabsorbed depreciation. The tribunal also found the rectification of the mistake under Section 154 appropriate. The order was pronounced in favor of the assessee on 28-01-2019. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377959