https://www.taxtmi.com/caselaws?id=233341 The Appellate Tribunal ITAT Cochin ruled in favor of the taxpayer, declaring the reopening of the assessment for the assessment year 2001-02 and the rectification of deduction u/s 80HHC for the assessment year 1998-99 beyond the four-year limitation period as invalid. The Tribunal held that the retrospective amendments introduced could not extend the limitation period for rectification or reopening of assessments, leading to the invalidation of the subsequent assessment orders. en-us Fri, 12 Apr 2013 00:00:00 +0530 Sat, 27 Apr 2013 12:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233341 The Appellate Tribunal ITAT Cochin ruled in favor of the taxpayer, declaring the reopening of the assessment for the assessment year 2001-02 and the rectification of deduction u/s 80HHC for the assessment year 1998-99 beyond the four-year limitation period as invalid. The Tribunal held that the retrospective amendments introduced could not extend the limitation period for rectification or reopening of assessments, leading to the invalidation of the subsequent assessment orders. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233341