https://www.taxtmi.com/caselaws?id=382745 The Madras High Court allowed the Revenue's appeal challenging the reopening of assessment for the assessment year 2003-04 under Section 147 of the Income Tax Act. The Court remanded the matter to the Commissioner of Income Tax (Appeals) for fresh consideration, providing the assessee an opportunity to contest the reopening. The Court did not directly address the application of Apex Court decisions or the allowance of interest paid as expenditure, focusing primarily on the remand for further review. en-us Thu, 20 Jun 2019 00:00:00 +0530 Wed, 10 Jul 2019 06:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382745 The Madras High Court allowed the Revenue's appeal challenging the reopening of assessment for the assessment year 2003-04 under Section 147 of the Income Tax Act. The Court remanded the matter to the Commissioner of Income Tax (Appeals) for fresh consideration, providing the assessee an opportunity to contest the reopening. The Court did not directly address the application of Apex Court decisions or the allowance of interest paid as expenditure, focusing primarily on the remand for further review. Case-Laws Income Tax Thu, 20 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382745