https://www.taxtmi.com/caselaws?id=246926 The reassessment order challenging the deduction claimed under Section 80IB of the Income Tax Act for the assessment year 2001-02 was upheld in favor of the appellant. The High Court ruled that the reassessment was a review and not a failure to disclose material facts. Additionally, the Court emphasized that the order subject to revision was the one passed in 2005, not the original order from 2003, which had merged with the Tribunal's order in 2007. Consequently, the High Court dismissed the Tax Case (Appeal) filed by the Revenue, with no costs awarded. en-us Thu, 10 Apr 2014 00:00:00 +0530 Sat, 26 Apr 2014 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246926 The reassessment order challenging the deduction claimed under Section 80IB of the Income Tax Act for the assessment year 2001-02 was upheld in favor of the appellant. The High Court ruled that the reassessment was a review and not a failure to disclose material facts. Additionally, the Court emphasized that the order subject to revision was the one passed in 2005, not the original order from 2003, which had merged with the Tribunal's order in 2007. Consequently, the High Court dismissed the Tax Case (Appeal) filed by the Revenue, with no costs awarded. Case-Laws Income Tax Thu, 10 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246926