https://www.taxtmi.com/caselaws?id=337923 The court ruled in favor of the petitioner, quashing the notices to reopen assessments for A.Y. 2010-2011 and A.Y. 2011-2012. It found that the alleged breaches of section 80IB(10) occurred in subsequent years, not during the relevant assessment periods. As there was no failure to disclose correct facts during the relevant years, the court concluded that the jurisdiction to reopen assessments beyond four years was unfounded. en-us Mon, 19 Dec 2016 00:00:00 +0530 Fri, 20 Jan 2017 07:26:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337923 The court ruled in favor of the petitioner, quashing the notices to reopen assessments for A.Y. 2010-2011 and A.Y. 2011-2012. It found that the alleged breaches of section 80IB(10) occurred in subsequent years, not during the relevant assessment periods. As there was no failure to disclose correct facts during the relevant years, the court concluded that the jurisdiction to reopen assessments beyond four years was unfounded. Case-Laws Income Tax Mon, 19 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337923