https://www.taxtmi.com/caselaws?id=333307 The court quashed the notice for reopening the assessment, stating that the reassessment was not justified. The court emphasized that the original assessment thoroughly examined the deduction claim under section 80IB(10) and that reopening the assessment based on the same facts constituted a change of opinion. Additionally, relying on a retrospective statutory amendment to reopen assessments beyond four years was deemed invalid unless there was a failure to disclose material facts, which was not the situation in this case. The petition was disposed of in favor of the petitioner. en-us Tue, 04 Oct 2016 00:00:00 +0530 Sat, 08 Oct 2016 14:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333307 The court quashed the notice for reopening the assessment, stating that the reassessment was not justified. The court emphasized that the original assessment thoroughly examined the deduction claim under section 80IB(10) and that reopening the assessment based on the same facts constituted a change of opinion. Additionally, relying on a retrospective statutory amendment to reopen assessments beyond four years was deemed invalid unless there was a failure to disclose material facts, which was not the situation in this case. The petition was disposed of in favor of the petitioner. Case-Laws Income Tax Tue, 04 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333307