https://www.taxtmi.com/caselaws?id=382911 The High Court dismissed the appeal, affirming the decision of the learned Single Judge in granting relief to the assessee. The Court held that the re-assessment notice under Section 147/148 for the assessment years 2005-06, 2006-07, and 2007-08 was not valid as the Revenue's challenge to the ITAT order did not justify reopening assessments. Additionally, the Court upheld the assessee's contentions regarding disallowance under Section 36(1)(iii) and non-deduction under Section 194H, emphasizing the need for tangible material for valid reassessment under Section 143(3). en-us Mon, 01 Jul 2019 00:00:00 +0530 Fri, 12 Jul 2019 08:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382911 The High Court dismissed the appeal, affirming the decision of the learned Single Judge in granting relief to the assessee. The Court held that the re-assessment notice under Section 147/148 for the assessment years 2005-06, 2006-07, and 2007-08 was not valid as the Revenue's challenge to the ITAT order did not justify reopening assessments. Additionally, the Court upheld the assessee's contentions regarding disallowance under Section 36(1)(iii) and non-deduction under Section 194H, emphasizing the need for tangible material for valid reassessment under Section 143(3). Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382911