https://www.taxtmi.com/caselaws?id=208813 The Gujarat High Court, in a judgment by Mr. Justice Akil Kureshi and Ms. Justice Sonia Gokani, ruled against reopening an assessment beyond the 4-year limit based solely on a retrospective amendment in Section 80IA disallowing deductions for works contracts. The court emphasized the necessity of evidence showing income escaping assessment due to non-disclosure of material facts for justifying assessments beyond the time limit. The court invalidated the notice for reopening and subsequent assessment, highlighting the importance of timely disposal of objections by Assessing Officers to prevent delays in assessments and ensure efficient tax processes. en-us Mon, 16 Jan 2012 00:00:00 +0530 Sat, 31 Mar 2012 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208813 The Gujarat High Court, in a judgment by Mr. Justice Akil Kureshi and Ms. Justice Sonia Gokani, ruled against reopening an assessment beyond the 4-year limit based solely on a retrospective amendment in Section 80IA disallowing deductions for works contracts. The court emphasized the necessity of evidence showing income escaping assessment due to non-disclosure of material facts for justifying assessments beyond the time limit. The court invalidated the notice for reopening and subsequent assessment, highlighting the importance of timely disposal of objections by Assessing Officers to prevent delays in assessments and ensure efficient tax processes. Case-Laws Income Tax Mon, 16 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208813