https://www.taxtmi.com/caselaws?id=233939 The Appellate Tribunal ITAT KOLKATA addressed the validity of reassessment proceedings initiated after the four-year limit and the eligibility of deduction under section 10A of the IT Act. The Tribunal ruled the reassessment invalid as there was no failure to disclose material facts, dismissing the Revenue's appeal. Regarding the deduction under section 10A, the Tribunal upheld the CIT(A)'s decision, allowing the deduction based on the nature of the assessee's activities and consistency in treatment. The Tribunal's emphasis on disclosure requirements and precedent resulted in the dismissal of the Revenue's appeals in both cases. en-us Fri, 03 May 2013 00:00:00 +0530 Thu, 16 May 2013 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233939 The Appellate Tribunal ITAT KOLKATA addressed the validity of reassessment proceedings initiated after the four-year limit and the eligibility of deduction under section 10A of the IT Act. The Tribunal ruled the reassessment invalid as there was no failure to disclose material facts, dismissing the Revenue's appeal. Regarding the deduction under section 10A, the Tribunal upheld the CIT(A)'s decision, allowing the deduction based on the nature of the assessee's activities and consistency in treatment. The Tribunal's emphasis on disclosure requirements and precedent resulted in the dismissal of the Revenue's appeals in both cases. Case-Laws Income Tax Fri, 03 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233939