https://www.taxtmi.com/caselaws?id=330339 The High Court quashed the notice for reopening assessment for the assessment year 2010-11, citing no current escapement of income chargeable to tax. The court highlighted that MAT provisions could apply if appellate challenges resulted in normal tax falling below the MAT limit. The Assessing Officer's concerns about potential MAT liability were deemed insufficient grounds for reopening assessment. The court allowed the petition and disposed of the matter, emphasizing that MAT provisions could be invoked if necessary post-appellate proceedings. en-us Mon, 18 Jul 2016 00:00:00 +0530 Fri, 22 Jul 2016 14:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330339 The High Court quashed the notice for reopening assessment for the assessment year 2010-11, citing no current escapement of income chargeable to tax. The court highlighted that MAT provisions could apply if appellate challenges resulted in normal tax falling below the MAT limit. The Assessing Officer's concerns about potential MAT liability were deemed insufficient grounds for reopening assessment. The court allowed the petition and disposed of the matter, emphasizing that MAT provisions could be invoked if necessary post-appellate proceedings. Case-Laws Income Tax Mon, 18 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330339