https://www.taxtmi.com/caselaws?id=251803 The High Court upheld the jurisdiction of reopening assessments for Assessment Year 2006-07 and 2008-09 under Section 148 of the Income Tax Act. The court found the notices valid, noting that the pharmacy store activity came to light during later assessment proceedings and approval under Section 10(23C)(via) for a subsequent year did not impact the current assessment years. Compliance with Section 11(4A) regarding the pharmacy store activity was deemed necessary, even if incidental to charitable objects. The court rejected the petitioner's plea, emphasizing the importance of compliance and factual determinations in reassessment proceedings. en-us Mon, 25 Aug 2014 00:00:00 +0530 Mon, 29 Sep 2014 07:59:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251803 The High Court upheld the jurisdiction of reopening assessments for Assessment Year 2006-07 and 2008-09 under Section 148 of the Income Tax Act. The court found the notices valid, noting that the pharmacy store activity came to light during later assessment proceedings and approval under Section 10(23C)(via) for a subsequent year did not impact the current assessment years. Compliance with Section 11(4A) regarding the pharmacy store activity was deemed necessary, even if incidental to charitable objects. The court rejected the petitioner's plea, emphasizing the importance of compliance and factual determinations in reassessment proceedings. Case-Laws Income Tax Mon, 25 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251803