https://www.taxtmi.com/caselaws?id=424926 The Tribunal allowed the appeal, setting aside the disallowance of expenses under section 40(a)(ia) due to non-deduction of tax at source. It held that the AO's reopening of the assessment under section 147 was invalid as all material facts were disclosed during the original assessment. The Tribunal emphasized the necessity of meeting statutory conditions for reopening assessments and quashed the reassessment proceedings, citing a judgment of the Hon'ble Madras High Court. en-us Tue, 28 Jun 2022 00:00:00 +0530 Mon, 11 Jul 2022 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424926 The Tribunal allowed the appeal, setting aside the disallowance of expenses under section 40(a)(ia) due to non-deduction of tax at source. It held that the AO's reopening of the assessment under section 147 was invalid as all material facts were disclosed during the original assessment. The Tribunal emphasized the necessity of meeting statutory conditions for reopening assessments and quashed the reassessment proceedings, citing a judgment of the Hon'ble Madras High Court. Case-Laws Income Tax Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424926