https://www.taxtmi.com/caselaws?id=301006 The Tribunal dismissed the Revenue's appeals due to tax effect below Rs. 20 lakhs and allowed the assessee's appeal withdrawn by request. Regarding the jurisdiction of the Assessing Officer under Section 148, the Tribunal found the reopening invalid due to settled issues in favor of the assessee and non-disposal of objections. Disallowance of bad debts was deleted, reallocation of expenses to Daman unit was directed for reexamination, and various deductions were allowed under Sections 80-IB and 80HHC. The Tribunal also directed the deletion of penalty under Section 271(1)(c) in favor of the assessee. en-us Fri, 28 Sep 2018 00:00:00 +0530 Tue, 08 Mar 2022 08:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301006 The Tribunal dismissed the Revenue's appeals due to tax effect below Rs. 20 lakhs and allowed the assessee's appeal withdrawn by request. Regarding the jurisdiction of the Assessing Officer under Section 148, the Tribunal found the reopening invalid due to settled issues in favor of the assessee and non-disposal of objections. Disallowance of bad debts was deleted, reallocation of expenses to Daman unit was directed for reexamination, and various deductions were allowed under Sections 80-IB and 80HHC. The Tribunal also directed the deletion of penalty under Section 271(1)(c) in favor of the assessee. Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301006