https://www.taxtmi.com/caselaws?id=210800 The court upheld the reopening of the assessment for Assessment Year 2004-05 under Section 148 of the Income Tax Act, 1961, based on new material from Assessment Year 2006-07. The petitioner's objections against the reopening were rejected as the material facts were not fully disclosed during the original assessment. Consequently, the disallowance of the Section 10A exemption for AY 2004-05 was upheld. The petitioner was granted four weeks to appeal the reassessment order, with no costs awarded. en-us Thu, 09 Feb 2012 00:00:00 +0530 Tue, 15 May 2012 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210800 The court upheld the reopening of the assessment for Assessment Year 2004-05 under Section 148 of the Income Tax Act, 1961, based on new material from Assessment Year 2006-07. The petitioner's objections against the reopening were rejected as the material facts were not fully disclosed during the original assessment. Consequently, the disallowance of the Section 10A exemption for AY 2004-05 was upheld. The petitioner was granted four weeks to appeal the reassessment order, with no costs awarded. Case-Laws Income Tax Thu, 09 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210800