https://www.taxtmi.com/caselaws?id=397806 The Tribunal partly allowed the appeal, upholding the re-opening of assessment beyond four years due to failure to disclose material facts. It affirmed the ineligibility of flat cancellation receipts for deduction under section 80IB. The Tribunal referred back the eligibility of interest income and bank charges recovered for deduction under section 80IB to the Assessing Officer for reconsideration with verification of facts and evidence. en-us Fri, 20 Mar 2020 00:00:00 +0530 Sat, 29 Aug 2020 18:38:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397806 The Tribunal partly allowed the appeal, upholding the re-opening of assessment beyond four years due to failure to disclose material facts. It affirmed the ineligibility of flat cancellation receipts for deduction under section 80IB. The Tribunal referred back the eligibility of interest income and bank charges recovered for deduction under section 80IB to the Assessing Officer for reconsideration with verification of facts and evidence. Case-Laws Income Tax Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397806