https://www.taxtmi.com/caselaws?id=245625 The court quashed the notice for reopening the assessment as it lacked validity under Section 147 of the Income Tax Act. The petitioner had disclosed all material facts, and the retrospective amendment of Section 80IA did not warrant reopening beyond the specified period. The court held that the conditions for invoking powers under Section 147 were not met, and the notice was without legal authority. The petition was disposed of in favor of the petitioner. en-us Tue, 18 Mar 2014 00:00:00 +0530 Fri, 14 Aug 2015 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245625 The court quashed the notice for reopening the assessment as it lacked validity under Section 147 of the Income Tax Act. The petitioner had disclosed all material facts, and the retrospective amendment of Section 80IA did not warrant reopening beyond the specified period. The court held that the conditions for invoking powers under Section 147 were not met, and the notice was without legal authority. The petition was disposed of in favor of the petitioner. Case-Laws Income Tax Tue, 18 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245625