https://www.taxtmi.com/caselaws?id=340396 The Court allowed all writ petitions challenging the reopening of concluded assessments for the assessment year 2006-2007 under Section 148 of the IT Act. The assessing authority's decision to disallow tax deduction under Section 80IB was deemed unjustified and a colorable exercise of power. The Court held that the assessing officer lacked jurisdiction and did not properly apply the law, leading to the quashing of the impugned orders and notices as unlawful and unsustainable. en-us Thu, 09 Mar 2017 00:00:00 +0530 Mon, 20 Mar 2017 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340396 The Court allowed all writ petitions challenging the reopening of concluded assessments for the assessment year 2006-2007 under Section 148 of the IT Act. The assessing authority's decision to disallow tax deduction under Section 80IB was deemed unjustified and a colorable exercise of power. The Court held that the assessing officer lacked jurisdiction and did not properly apply the law, leading to the quashing of the impugned orders and notices as unlawful and unsustainable. Case-Laws Income Tax Thu, 09 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340396