https://www.taxtmi.com/caselaws?id=293705 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's cross-objection. The assessment reopening under Section 147 was upheld, the disallowance under Section 40(a)(ia) and the customs duty penalty were confirmed, and the issue of discarded assets was remanded for further examination. The financial expenses disallowance was also confirmed. en-us Mon, 13 Jun 2016 00:00:00 +0530 Fri, 26 Feb 2021 09:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293705 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's cross-objection. The assessment reopening under Section 147 was upheld, the disallowance under Section 40(a)(ia) and the customs duty penalty were confirmed, and the issue of discarded assets was remanded for further examination. The financial expenses disallowance was also confirmed. Case-Laws Income Tax Mon, 13 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293705