https://www.taxtmi.com/caselaws?id=442197 The Appellate Tribunal allowed the appeal, declaring the reassessment invalid as it was beyond the prescribed period and lacked sufficient justification for reopening. The disallowance of foreign travel expenses was sustained, but the disallowance of advances written off was overturned. The Tribunal ruled in favor of the assessee, emphasizing the lack of evidence supporting the reassessment and the failure to establish that income had escaped assessment. en-us Tue, 01 Aug 2023 00:00:00 +0530 Thu, 24 Aug 2023 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442197 The Appellate Tribunal allowed the appeal, declaring the reassessment invalid as it was beyond the prescribed period and lacked sufficient justification for reopening. The disallowance of foreign travel expenses was sustained, but the disallowance of advances written off was overturned. The Tribunal ruled in favor of the assessee, emphasizing the lack of evidence supporting the reassessment and the failure to establish that income had escaped assessment. Case-Laws Income Tax Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442197