https://www.taxtmi.com/caselaws?id=437736 The assessee's legal challenge on the reopening of assessment u/s. 147 was dismissed as not pressed. The Tribunal directed the AO to delete the disallowance u/s. 36(1)(vii) for certain assessment years. Additionally, the Tribunal instructed the AO to allow the deduction claimed u/s. 36(1)(viia) for specific assessment years, contrary to the CIT(A)'s decision. The issue of the applicability of section 115JB was sent back to the CIT(A) for further review. Overall, the appeals were partially allowed, with the stay petitions being deemed infructuous. en-us Fri, 28 Apr 2023 00:00:00 +0530 Fri, 12 May 2023 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437736 The assessee's legal challenge on the reopening of assessment u/s. 147 was dismissed as not pressed. The Tribunal directed the AO to delete the disallowance u/s. 36(1)(vii) for certain assessment years. Additionally, the Tribunal instructed the AO to allow the deduction claimed u/s. 36(1)(viia) for specific assessment years, contrary to the CIT(A)'s decision. The issue of the applicability of section 115JB was sent back to the CIT(A) for further review. Overall, the appeals were partially allowed, with the stay petitions being deemed infructuous. Case-Laws Income Tax Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437736