https://www.taxtmi.com/caselaws?id=332503 The court held that the notice for reopening the assessment was invalid and unsustainable. The original assessment had accepted the deduction claim under section 80IB(10) after thorough examination. The court emphasized that disturbing such a claim through reopening beyond four years was impermissible. The retrospective amendment to the statute could not justify the reopening, and the assessee had fully disclosed all material facts during the original assessment. Therefore, the court set aside the notice dated 01.03.2011 and allowed the petition. en-us Mon, 12 Sep 2016 00:00:00 +0530 Mon, 19 Sep 2016 11:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332503 The court held that the notice for reopening the assessment was invalid and unsustainable. The original assessment had accepted the deduction claim under section 80IB(10) after thorough examination. The court emphasized that disturbing such a claim through reopening beyond four years was impermissible. The retrospective amendment to the statute could not justify the reopening, and the assessee had fully disclosed all material facts during the original assessment. Therefore, the court set aside the notice dated 01.03.2011 and allowed the petition. Case-Laws Income Tax Mon, 12 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332503