https://www.taxtmi.com/caselaws?id=331706 The court held in favor of the petitioner, a Cooperative Milk Producers' Union, in a case concerning the validity of a notice for reopening assessment for the assessment year 2009-2010. The court found that the Assessing Officer's reasons for reopening lacked validity as the original assessment had thoroughly scrutinized and granted the deduction under section 80P of the Income Tax Act. The court emphasized that without new material or valid reasons, reopening the assessment was impermissible, ultimately setting aside the notice and disposing of the case in favor of the petitioner. en-us Wed, 24 Aug 2016 00:00:00 +0530 Wed, 31 Aug 2016 09:04:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331706 The court held in favor of the petitioner, a Cooperative Milk Producers' Union, in a case concerning the validity of a notice for reopening assessment for the assessment year 2009-2010. The court found that the Assessing Officer's reasons for reopening lacked validity as the original assessment had thoroughly scrutinized and granted the deduction under section 80P of the Income Tax Act. The court emphasized that without new material or valid reasons, reopening the assessment was impermissible, ultimately setting aside the notice and disposing of the case in favor of the petitioner. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331706