https://www.taxtmi.com/caselaws?id=285208 The tribunal ruled in favor of the assessee, finding the reopening of assessment legally flawed as there was no failure to disclose material facts. It also held that section 115JB does not apply to banking companies and that interest under section 234D was not applicable in this case. Consequently, the assessee's appeal was allowed based on these grounds. en-us Thu, 16 Jun 2016 00:00:00 +0530 Thu, 02 Jan 2020 16:17:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285208 The tribunal ruled in favor of the assessee, finding the reopening of assessment legally flawed as there was no failure to disclose material facts. It also held that section 115JB does not apply to banking companies and that interest under section 234D was not applicable in this case. Consequently, the assessee's appeal was allowed based on these grounds. Case-Laws Income Tax Thu, 16 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285208