https://www.taxtmi.com/caselaws?id=295843 The Tribunal dismissed the revenue's appeal regarding the deduction towards Bid Loss, upholding the CIT(A)'s decision. The Tribunal also upheld the taxability of Foreman's Dividend, dismissing the assessee's appeal. However, the reassessment proceedings initiated u/s 147 for AY 2003-04 were deemed invalid, and the reassessment order was annulled. Consequently, the revenue's appeal was dismissed, and the assessee's appeal was allowed. en-us Wed, 14 Aug 2013 00:00:00 +0530 Tue, 22 Jun 2021 12:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295843 The Tribunal dismissed the revenue's appeal regarding the deduction towards Bid Loss, upholding the CIT(A)'s decision. The Tribunal also upheld the taxability of Foreman's Dividend, dismissing the assessee's appeal. However, the reassessment proceedings initiated u/s 147 for AY 2003-04 were deemed invalid, and the reassessment order was annulled. Consequently, the revenue's appeal was dismissed, and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295843