https://www.taxtmi.com/caselaws?id=434816 The Tribunal upheld the reopening of assessments for both assessment years, the addition of interest income from M/s. Elnet Technologies Ltd., the disallowance of depreciation on property, and the accrual of interest income on unsecured loans to joint venture companies. The Tribunal emphasized the importance of full and true disclosure of all material facts by the assessee and the need for proper documentation and proof for claims made in tax filings. en-us Tue, 28 Feb 2023 00:00:00 +0530 Sat, 04 Mar 2023 07:28:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434816 The Tribunal upheld the reopening of assessments for both assessment years, the addition of interest income from M/s. Elnet Technologies Ltd., the disallowance of depreciation on property, and the accrual of interest income on unsecured loans to joint venture companies. The Tribunal emphasized the importance of full and true disclosure of all material facts by the assessee and the need for proper documentation and proof for claims made in tax filings. Case-Laws Income Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434816