https://www.taxtmi.com/highlights?id=50048 Reopening of assessment u/s 147 - Disallowance of prior period expenses - in the absence of any addition to the tax liability of the assessee computed u/s 115JB of the Act (which exceeds the tax liability under normal provisions), the jurisdiction of the AO is ousted even if the proposed disallowance of expenditure by the AO under normal provisions is sustained. en-us Tue, 05 Nov 2019 21:55:20 +0530 Tue, 05 Nov 2019 21:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50048 Reopening of assessment u/s 147 - Disallowance of prior period expenses - in the absence of any addition to the tax liability of the assessee computed u/s 115JB of the Act (which exceeds the tax liability under normal provisions), the jurisdiction of the AO is ousted even if the proposed disallowance of expenditure by the AO under normal provisions is sustained. Highlights Income Tax Tue, 05 Nov 2019 21:55:20 +0530 https://www.taxtmi.com/highlights?id=50048