https://www.taxtmi.com/caselaws?id=385614 The tribunal upheld the reopening of the assessment, the disallowance of excessive claims under Section 35D, and the enhancement by the CIT(A). It confirmed that share premium is not part of "capital employed" for Section 35D and that the CIT(A) has the jurisdiction to enhance assessments, including reassessments. The appeals filed by the assessee were dismissed. en-us Fri, 06 Sep 2019 00:00:00 +0530 Tue, 10 Sep 2019 06:02:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385614 The tribunal upheld the reopening of the assessment, the disallowance of excessive claims under Section 35D, and the enhancement by the CIT(A). It confirmed that share premium is not part of "capital employed" for Section 35D and that the CIT(A) has the jurisdiction to enhance assessments, including reassessments. The appeals filed by the assessee were dismissed. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385614