https://www.taxtmi.com/caselaws?id=1647 The High Court of Bombay ruled in favor of the assessee in a case challenging the reopening of assessments for A.Y. 2000-01 and A.Y. 2001-02 under Section 148 of the Income Tax Act, 1961. The court found that the assessee had complied with Section 80HHD requirements by utilizing funds for specified purposes, rejecting the revenue's argument of income escaping assessment. The court quashed the notices issued under Section 148 and the order rejecting objections, allowing the petition with no costs to either party. en-us Tue, 17 Jul 2007 00:00:00 +0530 Sun, 08 May 2011 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1647 The High Court of Bombay ruled in favor of the assessee in a case challenging the reopening of assessments for A.Y. 2000-01 and A.Y. 2001-02 under Section 148 of the Income Tax Act, 1961. The court found that the assessee had complied with Section 80HHD requirements by utilizing funds for specified purposes, rejecting the revenue's argument of income escaping assessment. The court quashed the notices issued under Section 148 and the order rejecting objections, allowing the petition with no costs to either party. Case-Laws Income Tax Tue, 17 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1647