https://www.taxtmi.com/caselaws?id=292811 The Tribunal upheld the reopening of the assessment under Section 147, citing inadequate disclosure of material facts by the assessee, despite initial allowance of deduction. Additionally, the disallowance of deduction under Section 80JJAA was upheld, emphasizing that the deduction is available only if new workmen are employed for 300 days in the previous year, excluding those employed in the preceding year. The appeal was dismissed, affirming both decisions and highlighting the significance of accurate disclosure and adherence to eligibility criteria. en-us Fri, 09 Nov 2012 00:00:00 +0530 Tue, 21 Mar 2023 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292811 The Tribunal upheld the reopening of the assessment under Section 147, citing inadequate disclosure of material facts by the assessee, despite initial allowance of deduction. Additionally, the disallowance of deduction under Section 80JJAA was upheld, emphasizing that the deduction is available only if new workmen are employed for 300 days in the previous year, excluding those employed in the preceding year. The appeal was dismissed, affirming both decisions and highlighting the significance of accurate disclosure and adherence to eligibility criteria. Case-Laws Income Tax Fri, 09 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292811