https://www.taxtmi.com/caselaws?id=57981 The Tribunal allowed the department's appeal challenging the cancellation of the reopening of the assessment under section 147(b). The Tribunal held that the Income-tax Officer's belief of income escapement was reasonable based on a Madras High Court decision categorizing certain liabilities as capital expenses. The reopening was deemed justified, overturning the Commissioner (Appeals) decision. The Tribunal directed the Commissioner (Appeals) to consider other grounds of appeal challenging additions/disallowances, deferring the assessee's alternative ground regarding depreciation for future consideration. en-us Mon, 03 Apr 1989 00:00:00 +0530 Wed, 15 Dec 2010 16:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57981 The Tribunal allowed the department's appeal challenging the cancellation of the reopening of the assessment under section 147(b). The Tribunal held that the Income-tax Officer's belief of income escapement was reasonable based on a Madras High Court decision categorizing certain liabilities as capital expenses. The reopening was deemed justified, overturning the Commissioner (Appeals) decision. The Tribunal directed the Commissioner (Appeals) to consider other grounds of appeal challenging additions/disallowances, deferring the assessee's alternative ground regarding depreciation for future consideration. Case-Laws Income Tax Mon, 03 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57981