https://www.taxtmi.com/caselaws?id=212961 The High Court ruled in favor of the assessee, holding that the conditions for reopening the assessment under Section 147 of the Income Tax Act were not met. It was deemed that the Assessing Officer's actions constituted a change of opinion rather than concealment. Additionally, deductions under Sections 80HHC and 80IB were allowed to the assessee after a series of decisions by the authorities. The Court upheld the lower authorities' findings that there was no legal infirmity in the reassessment proceedings and dismissed the appeals, concluding that there was no concealment by the assessee. en-us Wed, 04 Apr 2012 00:00:00 +0530 Fri, 18 May 2012 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212961 The High Court ruled in favor of the assessee, holding that the conditions for reopening the assessment under Section 147 of the Income Tax Act were not met. It was deemed that the Assessing Officer's actions constituted a change of opinion rather than concealment. Additionally, deductions under Sections 80HHC and 80IB were allowed to the assessee after a series of decisions by the authorities. The Court upheld the lower authorities' findings that there was no legal infirmity in the reassessment proceedings and dismissed the appeals, concluding that there was no concealment by the assessee. Case-Laws Income Tax Wed, 04 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212961