https://www.taxtmi.com/caselaws?id=60128 The Appellate Tribunal upheld the reassessment orders under section 147 of the Income-tax Act, 1961 for the assessment years 1972-73 and 1973-74. The Commissioner (Appeals) deemed the reassessment valid, citing section 150(1) and the Tribunal's direction from 1982. The Tribunal's directive to allow full film costs in the release years justified the reassessment, leading to the withdrawal of expenses in subsequent years. The appeals by the assessee were dismissed, confirming the validity of the reassessment by the revenue authorities. en-us Tue, 03 Jun 1986 00:00:00 +0530 Mon, 03 Jan 2011 18:01:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60128 The Appellate Tribunal upheld the reassessment orders under section 147 of the Income-tax Act, 1961 for the assessment years 1972-73 and 1973-74. The Commissioner (Appeals) deemed the reassessment valid, citing section 150(1) and the Tribunal's direction from 1982. The Tribunal's directive to allow full film costs in the release years justified the reassessment, leading to the withdrawal of expenses in subsequent years. The appeals by the assessee were dismissed, confirming the validity of the reassessment by the revenue authorities. Case-Laws Income Tax Tue, 03 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60128