https://www.taxtmi.com/caselaws?id=252859 The Tribunal upheld the CIT(A)'s decision, ruling that the reopening of the assessment was not justified as there was no failure to disclose material facts. The deduction under section 80IB(10) was allowed as the flats in question were non-residential, and the addition based on loose papers was deemed unjustified as they did not indicate cash receipts. The Revenue's appeal was dismissed, affirming the CIT(A)'s order on all grounds, leading to the annulment of the reassessment order. en-us Fri, 31 Oct 2014 00:00:00 +0530 Thu, 06 Nov 2014 05:51:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252859 The Tribunal upheld the CIT(A)'s decision, ruling that the reopening of the assessment was not justified as there was no failure to disclose material facts. The deduction under section 80IB(10) was allowed as the flats in question were non-residential, and the addition based on loose papers was deemed unjustified as they did not indicate cash receipts. The Revenue's appeal was dismissed, affirming the CIT(A)'s order on all grounds, leading to the annulment of the reassessment order. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252859