https://www.taxtmi.com/caselaws?id=59730 The Tribunal upheld the Assessing Officer's reassessment under section 147 of the Income Tax Act, rejecting the assessee's challenge on the grounds of the prescribed time frame. Additionally, the Tribunal dismissed the assessee's appeal concerning the computation of relief under section 80-O, emphasizing the requirement for income to be received in convertible foreign exchange in India. Furthermore, the Tribunal affirmed the restriction on credit against Indian tax for tax deducted in Thailand as per the Agreement for Avoidance of Double Taxation, leading to the dismissal of both the assessee's and the Revenue's appeals. en-us Mon, 25 Aug 2008 00:00:00 +0530 Tue, 05 Nov 2013 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59730 The Tribunal upheld the Assessing Officer's reassessment under section 147 of the Income Tax Act, rejecting the assessee's challenge on the grounds of the prescribed time frame. Additionally, the Tribunal dismissed the assessee's appeal concerning the computation of relief under section 80-O, emphasizing the requirement for income to be received in convertible foreign exchange in India. Furthermore, the Tribunal affirmed the restriction on credit against Indian tax for tax deducted in Thailand as per the Agreement for Avoidance of Double Taxation, leading to the dismissal of both the assessee's and the Revenue's appeals. Case-Laws Income Tax Mon, 25 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59730