https://www.taxtmi.com/caselaws?id=414214 The High Court dismissed the appeal, affirming the ITAT's decision that the reopening of assessment under Section 147 of the Income Tax Act was incorrect. The court emphasized that reasons for reopening assessments should be based on the assessing officer's independent evaluation of the law, not external sources. Additionally, the court found the claim of deduction under Section 36(1)(viia) of the IT Act by the assessee to be incorrect. The appeal was deemed meritless, and no costs were awarded. en-us Tue, 26 Oct 2021 00:00:00 +0530 Sat, 30 Oct 2021 15:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414214 The High Court dismissed the appeal, affirming the ITAT's decision that the reopening of assessment under Section 147 of the Income Tax Act was incorrect. The court emphasized that reasons for reopening assessments should be based on the assessing officer's independent evaluation of the law, not external sources. Additionally, the court found the claim of deduction under Section 36(1)(viia) of the IT Act by the assessee to be incorrect. The appeal was deemed meritless, and no costs were awarded. Case-Laws Income Tax Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414214