https://www.taxtmi.com/caselaws?id=76904 The High Court held that the petitioner fully disclosed all material facts necessary for assessment, including income details and deductions claimed. The initial assessment as a manufacturer exporter was overturned on appeal, confirming the petitioner's status as a trader exporter eligible for the deduction under Section 80HHC. As there was no failure to disclose material facts and the issue had been addressed in appellate proceedings, the Court set aside the notice to reopen the assessment for the assessment year 2002-2003 under Section 148. The judgment emphasized the importance of full disclosure and limitations on reopening assessments based on decided matters. en-us Fri, 25 Jun 2010 00:00:00 +0530 Wed, 01 Jun 2011 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76904 The High Court held that the petitioner fully disclosed all material facts necessary for assessment, including income details and deductions claimed. The initial assessment as a manufacturer exporter was overturned on appeal, confirming the petitioner's status as a trader exporter eligible for the deduction under Section 80HHC. As there was no failure to disclose material facts and the issue had been addressed in appellate proceedings, the Court set aside the notice to reopen the assessment for the assessment year 2002-2003 under Section 148. The judgment emphasized the importance of full disclosure and limitations on reopening assessments based on decided matters. Case-Laws Income Tax Fri, 25 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76904