https://www.taxtmi.com/caselaws?id=61914 A return processed under section 143(1)(a) does not amount to a completed assessment, and the absence of a timely notice under section 143(2) did not prevent reopening where income had escaped assessment. Excess relief allowed under section 80HHC was treated as escapement under the statutory explanation to section 147, so the notice under section 148 and the assessment made pursuant to it were valid. Interest earned on fixed deposits and cash certificates was held to arise from the deposits themselves, not directly from export activity, and was therefore assessable as income from other sources and excluded from deduction under section 80HHC. The assessment was upheld in full. en-us Mon, 21 Jun 1999 00:00:00 +0530 Mon, 17 Jan 2011 10:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61914 A return processed under section 143(1)(a) does not amount to a completed assessment, and the absence of a timely notice under section 143(2) did not prevent reopening where income had escaped assessment. Excess relief allowed under section 80HHC was treated as escapement under the statutory explanation to section 147, so the notice under section 148 and the assessment made pursuant to it were valid. Interest earned on fixed deposits and cash certificates was held to arise from the deposits themselves, not directly from export activity, and was therefore assessable as income from other sources and excluded from deduction under section 80HHC. The assessment was upheld in full. Case-Laws Income Tax Mon, 21 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61914