https://www.taxtmi.com/caselaws?id=463300 Non-supply of the recorded reasons for reopening vitiated the reassessment, because the omission went to the root of jurisdiction. Rejection of books was also unjustified where no specific defects were identified and the same material was otherwise accepted. Estimated additions for dividend, debenture interest, term-deposit interest, alleged unregistered share dividend, PSU bond interest, and excess share sale were deleted because the books or ownership evidence did not support the Revenue's case. Depreciation, business expenses, and an additional interest expenditure claim were allowed to a notified entity, while interest under sections 234A, 234B and 234C was to be recomputed after TDS credit. en-us Fri, 09 Apr 2021 00:00:00 +0530 Fri, 22 Aug 2025 20:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463300 Non-supply of the recorded reasons for reopening vitiated the reassessment, because the omission went to the root of jurisdiction. Rejection of books was also unjustified where no specific defects were identified and the same material was otherwise accepted. Estimated additions for dividend, debenture interest, term-deposit interest, alleged unregistered share dividend, PSU bond interest, and excess share sale were deleted because the books or ownership evidence did not support the Revenue's case. Depreciation, business expenses, and an additional interest expenditure claim were allowed to a notified entity, while interest under sections 234A, 234B and 234C was to be recomputed after TDS credit. Case-Laws Income Tax Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463300