https://www.taxtmi.com/caselaws?id=281840 The tribunal ruled in favor of the appellant, declaring the reopening of the assessment invalid and overturning the disallowance of interest payments. The decision emphasized the necessity of justifying assessment reopens with fresh evidence and ensuring consistency in taxing interest receipts and allowing related expenditures. en-us Thu, 20 Dec 2018 00:00:00 +0530 Mon, 08 Jul 2019 19:02:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281840 The tribunal ruled in favor of the appellant, declaring the reopening of the assessment invalid and overturning the disallowance of interest payments. The decision emphasized the necessity of justifying assessment reopens with fresh evidence and ensuring consistency in taxing interest receipts and allowing related expenditures. Case-Laws Income Tax Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281840