https://www.taxtmi.com/caselaws?id=310147 The Tribunal dismissed the grounds challenging the validity of the reopening of assessment under Section 147/148, citing clerical errors and proper supply of reasons. However, the Tribunal found the reopening invalid due to non-compliance with the proviso to Section 147 regarding the time limit and lack of fresh material. The Tribunal also dismissed the allegations of change of opinion and failure to dispose of preliminary objections. Ultimately, the Tribunal allowed the deduction under Section 35AD, resulting in the appeal being treated as allowed with mixed outcomes for the assessee. en-us Mon, 01 Jul 2019 00:00:00 +0530 Mon, 09 Oct 2023 12:13:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310147 The Tribunal dismissed the grounds challenging the validity of the reopening of assessment under Section 147/148, citing clerical errors and proper supply of reasons. However, the Tribunal found the reopening invalid due to non-compliance with the proviso to Section 147 regarding the time limit and lack of fresh material. The Tribunal also dismissed the allegations of change of opinion and failure to dispose of preliminary objections. Ultimately, the Tribunal allowed the deduction under Section 35AD, resulting in the appeal being treated as allowed with mixed outcomes for the assessee. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310147