https://www.taxtmi.com/caselaws?id=336228 The High Court quashed and set aside the notice to reopen the assessment for the Assessment Year 2009-10 under Section 147 of the Income Tax Act. The Court ruled in favor of the petitioner, emphasizing that the conditions required for reopening the assessment beyond four years were not met. It was held that incorrect grant of exemption by the Assessing Officer alone cannot justify reopening an assessment beyond the prescribed period. en-us Tue, 06 Dec 2016 00:00:00 +0530 Sat, 17 Dec 2016 18:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336228 The High Court quashed and set aside the notice to reopen the assessment for the Assessment Year 2009-10 under Section 147 of the Income Tax Act. The Court ruled in favor of the petitioner, emphasizing that the conditions required for reopening the assessment beyond four years were not met. It was held that incorrect grant of exemption by the Assessing Officer alone cannot justify reopening an assessment beyond the prescribed period. Case-Laws Income Tax Tue, 06 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336228