https://www.taxtmi.com/caselaws?id=414352 The Tribunal partially allowed the appeals for the assessment years 2007-08 and 2008-09, directing a fresh examination of the disallowance of bad debts by the Assessing Officer in line with the provisions of the Income Tax Act and the Supreme Court's decision on the treatment of such debts. The Tribunal upheld the validity of the reopening proceedings under Section 147, as supported by reasons provided by the Assessing Officer and legal precedents, despite the appellant's objections regarding jurisdiction and delay in disposal. en-us Fri, 22 Oct 2021 00:00:00 +0530 Wed, 03 Nov 2021 09:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414352 The Tribunal partially allowed the appeals for the assessment years 2007-08 and 2008-09, directing a fresh examination of the disallowance of bad debts by the Assessing Officer in line with the provisions of the Income Tax Act and the Supreme Court's decision on the treatment of such debts. The Tribunal upheld the validity of the reopening proceedings under Section 147, as supported by reasons provided by the Assessing Officer and legal precedents, despite the appellant's objections regarding jurisdiction and delay in disposal. Case-Laws Income Tax Fri, 22 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414352