https://www.taxtmi.com/caselaws?id=381068 The Tribunal upheld the Commissioner (Appeals) decisions regarding the taxation of investment advisory fees in the assessment year 2010-11, leading to the dismissal of all appeals. It was determined that there was no violation of Rule 46A, no grounds for reopening assessments for the years 2007-08 and 2008-09, and the penalty under section 271(1)(c) was correctly deleted. The income had already been assessed in the relevant year, preventing double taxation. en-us Fri, 31 May 2019 00:00:00 +0530 Mon, 03 Jun 2019 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381068 The Tribunal upheld the Commissioner (Appeals) decisions regarding the taxation of investment advisory fees in the assessment year 2010-11, leading to the dismissal of all appeals. It was determined that there was no violation of Rule 46A, no grounds for reopening assessments for the years 2007-08 and 2008-09, and the penalty under section 271(1)(c) was correctly deleted. The income had already been assessed in the relevant year, preventing double taxation. Case-Laws Income Tax Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381068