https://www.taxtmi.com/caselaws?id=270207 The court quashed the notice reopening the assessment for the assessment year 2010-11, as the reasons recorded by the Assessing Officer for issuing the notice were found to lack validity. The court determined that the petitioner had appropriately included dividend income in both normal tax provisions and book profit calculations under Section 115JB of the Income Tax Act. Consequently, the court dismissed objections raised against the notice for reopening, ultimately leading to the petition's disposal in favor of the petitioner. en-us Mon, 21 Dec 2015 00:00:00 +0530 Thu, 31 Dec 2015 12:36:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270207 The court quashed the notice reopening the assessment for the assessment year 2010-11, as the reasons recorded by the Assessing Officer for issuing the notice were found to lack validity. The court determined that the petitioner had appropriately included dividend income in both normal tax provisions and book profit calculations under Section 115JB of the Income Tax Act. Consequently, the court dismissed objections raised against the notice for reopening, ultimately leading to the petition's disposal in favor of the petitioner. Case-Laws Income Tax Mon, 21 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270207