https://www.taxtmi.com/caselaws?id=289669 The Tribunal partly allowed the appeal, confirming the reopening of assessment under section 147 based on valid reasons to believe income had escaped assessment. The disallowance under sections 36(1)(iii) and 14A was set aside for reconsideration in light of the non-retrospective application of Rule 8D as per the Bombay High Court decision. The Tribunal's decision was pronounced on 4th February 2011. en-us Fri, 04 Feb 2011 00:00:00 +0530 Thu, 13 Aug 2020 14:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289669 The Tribunal partly allowed the appeal, confirming the reopening of assessment under section 147 based on valid reasons to believe income had escaped assessment. The disallowance under sections 36(1)(iii) and 14A was set aside for reconsideration in light of the non-retrospective application of Rule 8D as per the Bombay High Court decision. The Tribunal's decision was pronounced on 4th February 2011. Case-Laws Income Tax Fri, 04 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289669