https://www.taxtmi.com/caselaws?id=56857 The appellate tribunal partially allowed the appeal, affirming the validity of re-opening the assessment under section 147(b) based on the audit objection. The tribunal directed a fresh consideration of the merits of the disallowance under section 40(b) by the Commissioner (Appeals) for a more detailed analysis. en-us Thu, 26 Nov 1981 00:00:00 +0530 Tue, 07 Dec 2010 10:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56857 The appellate tribunal partially allowed the appeal, affirming the validity of re-opening the assessment under section 147(b) based on the audit objection. The tribunal directed a fresh consideration of the merits of the disallowance under section 40(b) by the Commissioner (Appeals) for a more detailed analysis. Case-Laws Income Tax Thu, 26 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56857