https://www.taxtmi.com/caselaws?id=290069 The Tribunal held that the reopening of assessments for AY 2005-06 and AY 2007-08 was not justified as the Assessing Officer lacked proper reasons and failed to follow procedural requirements. Additionally, the assessment order for AY 2005-06 was invalidated due to being reopened after the statutory time limit without valid reasons. Furthermore, the Tribunal ruled in favor of the assessee, determining that management service fees should not be classified as 'royalty' based on precedent, leading to the deletion of such additions in the assessments. Consequently, the Tribunal quashed the assessment orders and allowed both appeals by the assessee. en-us Wed, 28 Feb 2018 00:00:00 +0530 Mon, 07 Sep 2020 19:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290069 The Tribunal held that the reopening of assessments for AY 2005-06 and AY 2007-08 was not justified as the Assessing Officer lacked proper reasons and failed to follow procedural requirements. Additionally, the assessment order for AY 2005-06 was invalidated due to being reopened after the statutory time limit without valid reasons. Furthermore, the Tribunal ruled in favor of the assessee, determining that management service fees should not be classified as 'royalty' based on precedent, leading to the deletion of such additions in the assessments. Consequently, the Tribunal quashed the assessment orders and allowed both appeals by the assessee. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290069