https://www.taxtmi.com/caselaws?id=428151 The Tribunal partly allowed the assessee's appeal for statistical purposes, upholding the reopening of assessment under section 147 of the Income Tax Act. The issue of notional interest on redeemable debentures was restored to the Assessing Officer for further examination, following a decision in a similar case involving group companies. The Tribunal found that the reasons for reopening did not pertain to the assessee and were independent of a search on another company. The appeal was dismissed on the addition of interest on redeemable debentures. en-us Thu, 22 Sep 2022 00:00:00 +0530 Sat, 24 Sep 2022 20:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428151 The Tribunal partly allowed the assessee's appeal for statistical purposes, upholding the reopening of assessment under section 147 of the Income Tax Act. The issue of notional interest on redeemable debentures was restored to the Assessing Officer for further examination, following a decision in a similar case involving group companies. The Tribunal found that the reasons for reopening did not pertain to the assessee and were independent of a search on another company. The appeal was dismissed on the addition of interest on redeemable debentures. Case-Laws Income Tax Thu, 22 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428151