https://www.taxtmi.com/caselaws?id=299169 The appeal was dismissed, and the reopening of the case under section 148 was deemed valid. The disallowance of depreciation was upheld, the charging of interest under section 234B was confirmed as mandatory, and the issue of penalty proceedings under section 271(1)(c) was not addressed. en-us Wed, 16 Nov 2005 00:00:00 +0530 Mon, 06 Dec 2021 11:03:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299169 The appeal was dismissed, and the reopening of the case under section 148 was deemed valid. The disallowance of depreciation was upheld, the charging of interest under section 234B was confirmed as mandatory, and the issue of penalty proceedings under section 271(1)(c) was not addressed. Case-Laws Income Tax Wed, 16 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299169