https://www.taxtmi.com/caselaws?id=328989 The court ruled in favor of the petitioner in a case challenging the validity of a notice issued for reopening assessment beyond the statutory period under section 148. The court found the notice issued beyond the four-year limit without justification and quashed it along with the preliminary order for reassessment proceedings. Additionally, the court upheld the petitioner's claim of deduction under section 80IB, stating that no valid reasons were presented to challenge the initial allowance of the deduction. The court emphasized the importance of providing consistent and justifiable reasons for reopening assessments to maintain process integrity. en-us Thu, 09 Jun 2016 00:00:00 +0530 Sun, 19 Jun 2016 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328989 The court ruled in favor of the petitioner in a case challenging the validity of a notice issued for reopening assessment beyond the statutory period under section 148. The court found the notice issued beyond the four-year limit without justification and quashed it along with the preliminary order for reassessment proceedings. Additionally, the court upheld the petitioner's claim of deduction under section 80IB, stating that no valid reasons were presented to challenge the initial allowance of the deduction. The court emphasized the importance of providing consistent and justifiable reasons for reopening assessments to maintain process integrity. Case-Laws Income Tax Thu, 09 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328989