https://www.taxtmi.com/caselaws?id=393451 The tribunal partly allowed the appeals, deleting additions made under Section 68 and allowing set-off of business losses. It upheld the case reopening under Section 148 and assessment order under Section 143(3). Penalty proceedings initiation was deemed infructuous due to deletion of Section 68 additions. Interest calculation under Sections 234A, 234B, and 234C was directed to be recalculated. en-us Thu, 12 Mar 2020 00:00:00 +0530 Mon, 16 Mar 2020 07:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393451 The tribunal partly allowed the appeals, deleting additions made under Section 68 and allowing set-off of business losses. It upheld the case reopening under Section 148 and assessment order under Section 143(3). Penalty proceedings initiation was deemed infructuous due to deletion of Section 68 additions. Interest calculation under Sections 234A, 234B, and 234C was directed to be recalculated. Case-Laws Income Tax Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393451