https://www.taxtmi.com/caselaws?id=430832 The Tribunal upheld the re-opening of assessment for the assessment year 2009-10, rejecting the assessee's argument of lack of fresh material. Regarding the deduction u/s.10A / 10AA of the Act, the Tribunal directed the AO to re-consider the claim due to the assessee's declared loss, emphasizing the need for proper justification for turnover reduction. The appeal was partially allowed for statistical purposes, with the issue remanded to the AO for fresh consideration. en-us Wed, 23 Nov 2022 00:00:00 +0530 Tue, 29 Nov 2022 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430832 The Tribunal upheld the re-opening of assessment for the assessment year 2009-10, rejecting the assessee's argument of lack of fresh material. Regarding the deduction u/s.10A / 10AA of the Act, the Tribunal directed the AO to re-consider the claim due to the assessee's declared loss, emphasizing the need for proper justification for turnover reduction. The appeal was partially allowed for statistical purposes, with the issue remanded to the AO for fresh consideration. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430832