https://www.taxtmi.com/caselaws?id=214961 HC quashed the AO's notice issued u/s 148 seeking to reopen an assessment already settled by the ITSC u/s 245D(4). It held that once proceedings are admitted u/s 245D(1), the ITSC acquires exclusive jurisdiction over "the case," encompassing all issues that an AO could consider in a regular assessment u/s 143(3), including the assessee's deduction claim u/s 80-IB(10). The Revenue's contention that the deduction was not part of the settlement was rejected. As the final settlement order covered the deduction, the AO lacked jurisdiction to reopen the assessment, and any reassessment proceedings were held without authority and invalid, deciding in favour of the assessee. en-us Fri, 13 Jul 2012 00:00:00 +0530 Sat, 13 Dec 2025 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214961 HC quashed the AO's notice issued u/s 148 seeking to reopen an assessment already settled by the ITSC u/s 245D(4). It held that once proceedings are admitted u/s 245D(1), the ITSC acquires exclusive jurisdiction over "the case," encompassing all issues that an AO could consider in a regular assessment u/s 143(3), including the assessee's deduction claim u/s 80-IB(10). The Revenue's contention that the deduction was not part of the settlement was rejected. As the final settlement order covered the deduction, the AO lacked jurisdiction to reopen the assessment, and any reassessment proceedings were held without authority and invalid, deciding in favour of the assessee. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214961