https://www.taxtmi.com/caselaws?id=186124 The Court quashed the notice dated 28 March 2007 seeking to reopen an assessment for Assessment Year 200001 under Section 148 of the Income Tax Act, 1961. The basis for reopening the assessment, related to denial of deduction u/s. 80IA during scrutiny for A.Y. 200405, was invalidated by the Income Tax Appellate Tribunal's decision in favor of the assessee. The Tribunal confirmed the manufacturing activity of producing Perfumed Hair Oil, allowing the assessee to claim deduction under Section 80IB. Consequently, the Court ruled in favor of the assessee, making the Rule absolute and denying costs. en-us Mon, 26 Mar 2012 00:00:00 +0530 Thu, 08 Sep 2016 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186124 The Court quashed the notice dated 28 March 2007 seeking to reopen an assessment for Assessment Year 200001 under Section 148 of the Income Tax Act, 1961. The basis for reopening the assessment, related to denial of deduction u/s. 80IA during scrutiny for A.Y. 200405, was invalidated by the Income Tax Appellate Tribunal's decision in favor of the assessee. The Tribunal confirmed the manufacturing activity of producing Perfumed Hair Oil, allowing the assessee to claim deduction under Section 80IB. Consequently, the Court ruled in favor of the assessee, making the Rule absolute and denying costs. Case-Laws Income Tax Mon, 26 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186124