https://www.taxtmi.com/caselaws?id=330890 The High Court of Gujarat quashed the notices for reopening assessments issued beyond the four-year period. The court emphasized the importance of adhering to statutory time limits for issuing reopening notices and highlighted the necessity for assessing officers to establish failures in disclosing material facts before initiating reassessments. The court ruled in favor of the petitioner, focusing on procedural timelines in tax assessments rather than the merits of the excessive deduction claim under section 80IB of the Act. en-us Tue, 02 Aug 2016 00:00:00 +0530 Mon, 08 Aug 2016 13:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330890 The High Court of Gujarat quashed the notices for reopening assessments issued beyond the four-year period. The court emphasized the importance of adhering to statutory time limits for issuing reopening notices and highlighted the necessity for assessing officers to establish failures in disclosing material facts before initiating reassessments. The court ruled in favor of the petitioner, focusing on procedural timelines in tax assessments rather than the merits of the excessive deduction claim under section 80IB of the Act. Case-Laws Income Tax Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330890