https://www.taxtmi.com/caselaws?id=461158 ITAT Cuttack dismissed revenue's appeal challenging CIT(A)'s order quashing reopening of assessment under section 147. CIT(A) found AO accepted outside information without critical scrutiny and lacked independent application of mind regarding escaped income. On disallowance under section 37(1) for alleged illegal mining expenditure, CIT(A) held payments to parties for mining activities like iron ore raising and transportation were genuine business expenses, not bribes or illegal payments. Revenue failed to dislodge CIT(A)'s factual findings. Penalty under section 271(1)(c) appeal also dismissed following quantum appeal dismissal. en-us Mon, 02 May 2022 00:00:00 +0530 Tue, 18 Mar 2025 19:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461158 ITAT Cuttack dismissed revenue's appeal challenging CIT(A)'s order quashing reopening of assessment under section 147. CIT(A) found AO accepted outside information without critical scrutiny and lacked independent application of mind regarding escaped income. On disallowance under section 37(1) for alleged illegal mining expenditure, CIT(A) held payments to parties for mining activities like iron ore raising and transportation were genuine business expenses, not bribes or illegal payments. Revenue failed to dislodge CIT(A)'s factual findings. Penalty under section 271(1)(c) appeal also dismissed following quantum appeal dismissal. Case-Laws Income Tax Mon, 02 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461158