https://www.taxtmi.com/caselaws?id=60070 The Tribunal upheld the validity of the assessment reopening under section 147(a) of the Income-tax Act, citing the assessee's failure to disclose crucial information. Additionally, it confirmed the inclusion of the cost of incomplete job and value of capital goods in transit for section 80J relief, following precedents. The deduction of a loan from the State Bank of India in the capital employed computation for section 80J relief was disallowed due to the extended repayment period. The Tribunal dismissed the appeals, affirming the CIT (Appeals)'s decisions on all issues. en-us Wed, 26 Aug 1992 00:00:00 +0530 Mon, 03 Jan 2011 15:49:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60070 The Tribunal upheld the validity of the assessment reopening under section 147(a) of the Income-tax Act, citing the assessee's failure to disclose crucial information. Additionally, it confirmed the inclusion of the cost of incomplete job and value of capital goods in transit for section 80J relief, following precedents. The deduction of a loan from the State Bank of India in the capital employed computation for section 80J relief was disallowed due to the extended repayment period. The Tribunal dismissed the appeals, affirming the CIT (Appeals)'s decisions on all issues. Case-Laws Income Tax Wed, 26 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60070