https://www.taxtmi.com/caselaws?id=221797 The Court held that the notice issued under Section 148 of the Income Tax Act, 1961, challenging the assessment for Assessment Year 2006-2007 based on a retrospective amendment to Section 80-IA was invalid. The Court found that the notice was solely based on the ineligibility of the petitioner for deduction under Section 80-IA due to the retrospective amendment and not on any failure to disclose necessary facts. As there was no failure on the part of the petitioner to disclose material facts, the Court quashed the notice, ruling the initiation of proceedings under Section 147 as invalid. en-us Wed, 20 Mar 2013 00:00:00 +0530 Sat, 30 Mar 2013 08:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221797 The Court held that the notice issued under Section 148 of the Income Tax Act, 1961, challenging the assessment for Assessment Year 2006-2007 based on a retrospective amendment to Section 80-IA was invalid. The Court found that the notice was solely based on the ineligibility of the petitioner for deduction under Section 80-IA due to the retrospective amendment and not on any failure to disclose necessary facts. As there was no failure on the part of the petitioner to disclose material facts, the Court quashed the notice, ruling the initiation of proceedings under Section 147 as invalid. Case-Laws Income Tax Wed, 20 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221797