https://www.taxtmi.com/caselaws?id=407557 The Tribunal allowed the Assessee's appeals, overturning the disallowance of the deduction under Section 35(1)(ii) while ruling the reopening of the assessment was valid. However, the disallowance based on retrospective revocation and unsubstantiated statements was not justified. The Tribunal emphasized adherence to natural justice principles and the Assessee's inability to foresee the institution's fraudulent activities. en-us Fri, 30 Apr 2021 00:00:00 +0530 Fri, 14 May 2021 08:33:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407557 The Tribunal allowed the Assessee's appeals, overturning the disallowance of the deduction under Section 35(1)(ii) while ruling the reopening of the assessment was valid. However, the disallowance based on retrospective revocation and unsubstantiated statements was not justified. The Tribunal emphasized adherence to natural justice principles and the Assessee's inability to foresee the institution's fraudulent activities. Case-Laws Income Tax Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407557