https://www.taxtmi.com/caselaws?id=430389 The Tribunal held that the reopening of assessments under section 147 was invalid due to the absence of fresh material, ruling in favor of the assessee. Regarding deductions under section 80P(2)(d), the Tribunal directed the AO to allow deductions based on the presumption that investments were made from the assessee's own funds. The appeals were decided in favor of the assessee for AY 2011-12 and 2012-13, with partial relief granted for AY 2014-15. en-us Wed, 09 Nov 2022 00:00:00 +0530 Thu, 17 Nov 2022 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430389 The Tribunal held that the reopening of assessments under section 147 was invalid due to the absence of fresh material, ruling in favor of the assessee. Regarding deductions under section 80P(2)(d), the Tribunal directed the AO to allow deductions based on the presumption that investments were made from the assessee's own funds. The appeals were decided in favor of the assessee for AY 2011-12 and 2012-13, with partial relief granted for AY 2014-15. Case-Laws Income Tax Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430389