https://www.taxtmi.com/caselaws?id=382333 The court upheld the reopening of assessment for Assessment Year 1997-98 without requiring fresh material. It determined that provisions made by the assessee for taxes were unascertained liabilities, not ascertained liabilities, under Section 115JA of the Income Tax Act. The court also affirmed the disallowance of provisions for payment of taxes during return processing, stating they were not debatable issues. The decisions were based on legal precedents and interpretations of the Income Tax Act, resulting in the dismissal of the appellant's claims. en-us Thu, 06 Jun 2019 00:00:00 +0530 Mon, 31 Aug 2020 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382333 The court upheld the reopening of assessment for Assessment Year 1997-98 without requiring fresh material. It determined that provisions made by the assessee for taxes were unascertained liabilities, not ascertained liabilities, under Section 115JA of the Income Tax Act. The court also affirmed the disallowance of provisions for payment of taxes during return processing, stating they were not debatable issues. The decisions were based on legal precedents and interpretations of the Income Tax Act, resulting in the dismissal of the appellant's claims. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382333