https://www.taxtmi.com/caselaws?id=249557 The Appellate Tribunal dismissed the Departmental appeal, affirming that the notice u/s. 148 for reassessment was invalid as there was no failure on the part of the assessee to disclose essential information. The Tribunal held that the reopening of the assessment u/s. 147 for A.Y. 2003-04 based on the deduction u/s. 80HHC was not valid, as the deduction had already been recomputed during the original assessment proceedings. The Tribunal emphasized compliance with the proviso to section 147, restricting assessments from being reopened after four years without valid reasons. en-us Wed, 09 Jul 2014 00:00:00 +0530 Thu, 17 Jul 2014 08:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249557 The Appellate Tribunal dismissed the Departmental appeal, affirming that the notice u/s. 148 for reassessment was invalid as there was no failure on the part of the assessee to disclose essential information. The Tribunal held that the reopening of the assessment u/s. 147 for A.Y. 2003-04 based on the deduction u/s. 80HHC was not valid, as the deduction had already been recomputed during the original assessment proceedings. The Tribunal emphasized compliance with the proviso to section 147, restricting assessments from being reopened after four years without valid reasons. Case-Laws Income Tax Wed, 09 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249557