https://www.taxtmi.com/caselaws?id=285099 The court partially allowed the petition challenging the notice issued under section 148 of the Income-tax Act, 1961 for reopening the assessment. The notice based on diversion of profit by transfer of technology was upheld due to incriminating documents found during a survey. However, the notice regarding the allocation of R&D expenses was not upheld as it was deemed an impermissible attempt to review a previous decision. The Assessing Officer was permitted to proceed with reassessment on the first ground while the interim relief granted on the second ground was confirmed. en-us Mon, 29 Jul 2013 00:00:00 +0530 Thu, 26 Dec 2019 12:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285099 The court partially allowed the petition challenging the notice issued under section 148 of the Income-tax Act, 1961 for reopening the assessment. The notice based on diversion of profit by transfer of technology was upheld due to incriminating documents found during a survey. However, the notice regarding the allocation of R&D expenses was not upheld as it was deemed an impermissible attempt to review a previous decision. The Assessing Officer was permitted to proceed with reassessment on the first ground while the interim relief granted on the second ground was confirmed. Case-Laws Income Tax Mon, 29 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285099