https://www.taxtmi.com/caselaws?id=287847 The Tribunal allowed the appeal, ruling in favor of the assessee on all counts. It held that the reopening of the assessment beyond the limitation period under Section 147 was unjustified due to the assessee not failing to disclose material facts. Additionally, the disallowance of bad debts written off under Section 36(1)(vii) was deemed erroneous, and the charging of interest under Section 234B was found unsustainable. Consequently, the Tribunal quashed the reopening of assessment, allowed the deduction for bad debts, and rejected the charging of interest under Section 234B. en-us Thu, 23 May 2019 00:00:00 +0530 Wed, 06 May 2020 06:01:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287847 The Tribunal allowed the appeal, ruling in favor of the assessee on all counts. It held that the reopening of the assessment beyond the limitation period under Section 147 was unjustified due to the assessee not failing to disclose material facts. Additionally, the disallowance of bad debts written off under Section 36(1)(vii) was deemed erroneous, and the charging of interest under Section 234B was found unsustainable. Consequently, the Tribunal quashed the reopening of assessment, allowed the deduction for bad debts, and rejected the charging of interest under Section 234B. Case-Laws Income Tax Thu, 23 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287847