https://www.taxtmi.com/caselaws?id=333342 The Court quashed the notice for reopening the assessment for Assessment Year 2007-08 as the reasons provided did not result in any income escape affecting the tax liability under Section 115JB. Precedents were cited where similar circumstances led to notices being quashed, emphasizing that the proposed additions would not impact the book profit computation. The petition was allowed, and the matter was disposed of accordingly. en-us Wed, 05 Oct 2016 00:00:00 +0530 Mon, 10 Oct 2016 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333342 The Court quashed the notice for reopening the assessment for Assessment Year 2007-08 as the reasons provided did not result in any income escape affecting the tax liability under Section 115JB. Precedents were cited where similar circumstances led to notices being quashed, emphasizing that the proposed additions would not impact the book profit computation. The petition was allowed, and the matter was disposed of accordingly. Case-Laws Income Tax Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333342