https://www.taxtmi.com/caselaws?id=70679 Reassessment under section 147 beyond four years after a section 143(3) assessment is barred unless the Revenue shows failure by the assessee to disclose fully and truly all material facts; where the relevant particulars were already disclosed, reopening is invalid. On Chapter VI-A deductions, section 80-I deduction once computed for the eligible industrial undertaking is subject only to the overall ceiling under section 80A(2), read with section 80B(5) defining gross total income, and the components of gross total income are not to be reopened to further reduce the deduction. en-us Fri, 30 May 2008 00:00:00 +0530 Fri, 20 Jan 2012 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70679 Reassessment under section 147 beyond four years after a section 143(3) assessment is barred unless the Revenue shows failure by the assessee to disclose fully and truly all material facts; where the relevant particulars were already disclosed, reopening is invalid. On Chapter VI-A deductions, section 80-I deduction once computed for the eligible industrial undertaking is subject only to the overall ceiling under section 80A(2), read with section 80B(5) defining gross total income, and the components of gross total income are not to be reopened to further reduce the deduction. Case-Laws Income Tax Fri, 30 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70679