https://www.taxtmi.com/caselaws?id=188337 The court upheld the reopening of assessments for the years 1997-98 to 2000-2001, citing compliance with the law. It rejected the claim of violation of natural justice by the Income Tax Appellate Tribunal due to repeated adjournment requests. The court favored the appellant in interpreting tax sections to allow relief under Section 80IA, emphasizing that losses already set off in prior years should not be reconsidered. Ultimately, the court ruled against the appellant on the reopening issue but in favor of the appellant on the interpretation of tax sections, granting relief under Section 80IA. en-us Wed, 06 Jul 2016 00:00:00 +0530 Fri, 25 Nov 2016 18:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188337 The court upheld the reopening of assessments for the years 1997-98 to 2000-2001, citing compliance with the law. It rejected the claim of violation of natural justice by the Income Tax Appellate Tribunal due to repeated adjournment requests. The court favored the appellant in interpreting tax sections to allow relief under Section 80IA, emphasizing that losses already set off in prior years should not be reconsidered. Ultimately, the court ruled against the appellant on the reopening issue but in favor of the appellant on the interpretation of tax sections, granting relief under Section 80IA. Case-Laws Income Tax Wed, 06 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188337