https://www.taxtmi.com/caselaws?id=332558 The court set aside the notice for reopening the assessment under section 147 of the Income Tax Act, 1961, as the petitioner had fully disclosed all material facts during the original assessment. The court found that there was no failure on the part of the petitioner to disclose relevant information, rendering the reopening invalid. The treatment of mark to market loss and the eligibility of deduction under section 80IA(4)(iv) were upheld in favor of the petitioner. en-us Wed, 14 Sep 2016 00:00:00 +0530 Tue, 31 Jan 2017 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332558 The court set aside the notice for reopening the assessment under section 147 of the Income Tax Act, 1961, as the petitioner had fully disclosed all material facts during the original assessment. The court found that there was no failure on the part of the petitioner to disclose relevant information, rendering the reopening invalid. The treatment of mark to market loss and the eligibility of deduction under section 80IA(4)(iv) were upheld in favor of the petitioner. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332558