https://www.taxtmi.com/caselaws?id=408996 The Tribunal held that the reopening of assessments for AY 2005-06 and 2006-07 was invalid, quashed the reassessment orders, and allowed the appeals of the assessee. The addition of interest income on the arbitration award was deemed invalid, the disallowance of additional depreciation was baseless, and the charging of interest under Section 234D was unjustified. The appeals were allowed in favor of the assessee. en-us Fri, 18 Jun 2021 00:00:00 +0530 Sat, 26 Jun 2021 07:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408996 The Tribunal held that the reopening of assessments for AY 2005-06 and 2006-07 was invalid, quashed the reassessment orders, and allowed the appeals of the assessee. The addition of interest income on the arbitration award was deemed invalid, the disallowance of additional depreciation was baseless, and the charging of interest under Section 234D was unjustified. The appeals were allowed in favor of the assessee. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408996