https://www.taxtmi.com/caselaws?id=331850 The High Court set aside a notice seeking to reopen the assessment for the assessment year 2008-09 under Section 80-IB(8A) of the Income Tax Act. The court found the Assessing Officer's reasons for reopening the assessment invalid, noting that the notice was issued beyond the four-year limit and that the petitioner had fully disclosed all relevant information during the original assessment. The court emphasized that the failure to restrict the claim during the original assessment did not justify reopening the assessment beyond the prescribed time limit. The petition was allowed, and the notice was set aside. en-us Tue, 19 Jul 2016 00:00:00 +0530 Sat, 03 Sep 2016 20:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331850 The High Court set aside a notice seeking to reopen the assessment for the assessment year 2008-09 under Section 80-IB(8A) of the Income Tax Act. The court found the Assessing Officer's reasons for reopening the assessment invalid, noting that the notice was issued beyond the four-year limit and that the petitioner had fully disclosed all relevant information during the original assessment. The court emphasized that the failure to restrict the claim during the original assessment did not justify reopening the assessment beyond the prescribed time limit. The petition was allowed, and the notice was set aside. Case-Laws Income Tax Tue, 19 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331850