https://www.taxtmi.com/caselaws?id=300953 The Appellate Tribunal dismissed the Revenue's appeal, ruling the assessment invalidly reopened after over 4 years. The Tribunal upheld that the reopening lacked new material and violated tax law provisions. It deemed the assessment jurisdictionally flawed and should have been addressed under a different section. Additionally, the Tribunal supported the CIT(A)'s decisions on issues concerning the treatment of losses, carried forward business loss, and unabsorbed depreciation for deduction under section 10A of the Income Tax Act. en-us Wed, 06 Feb 2019 00:00:00 +0530 Sat, 05 Mar 2022 07:56:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300953 The Appellate Tribunal dismissed the Revenue's appeal, ruling the assessment invalidly reopened after over 4 years. The Tribunal upheld that the reopening lacked new material and violated tax law provisions. It deemed the assessment jurisdictionally flawed and should have been addressed under a different section. Additionally, the Tribunal supported the CIT(A)'s decisions on issues concerning the treatment of losses, carried forward business loss, and unabsorbed depreciation for deduction under section 10A of the Income Tax Act. Case-Laws Income Tax Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300953