https://www.taxtmi.com/caselaws?id=433841 The court upheld the validity of reopening the assessment under Section 147, disallowing unabsorbed depreciation of the amalgamating company as per Section 115JA. The Income Tax Department was deemed entitled to reopen the assessment due to the absence of opinion on business loss and unabsorbed depreciation in the original assessment. The appeal was dismissed, affirming the decisions of the Appellate Tribunal and Commissioner, with no costs awarded. en-us Mon, 09 Jan 2023 00:00:00 +0530 Fri, 10 Feb 2023 09:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433841 The court upheld the validity of reopening the assessment under Section 147, disallowing unabsorbed depreciation of the amalgamating company as per Section 115JA. The Income Tax Department was deemed entitled to reopen the assessment due to the absence of opinion on business loss and unabsorbed depreciation in the original assessment. The appeal was dismissed, affirming the decisions of the Appellate Tribunal and Commissioner, with no costs awarded. Case-Laws Income Tax Mon, 09 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433841