https://www.taxtmi.com/caselaws?id=340823 The Tribunal allowed the assessee's appeals, ruling that the reopening of assessments after four years without new information or failure to disclose material facts was invalid. Additionally, the reassessment proceedings were deemed invalid due to the failure to issue a notice under Section 143(2). The Tribunal also noted that the inclusion of terrace and portico areas in the built-up area for Section 80IB deduction and the reassessment based on a change of opinion by the Assessing Officer were not legally permissible. en-us Wed, 22 Mar 2017 00:00:00 +0530 Tue, 28 Mar 2017 06:47:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340823 The Tribunal allowed the assessee's appeals, ruling that the reopening of assessments after four years without new information or failure to disclose material facts was invalid. Additionally, the reassessment proceedings were deemed invalid due to the failure to issue a notice under Section 143(2). The Tribunal also noted that the inclusion of terrace and portico areas in the built-up area for Section 80IB deduction and the reassessment based on a change of opinion by the Assessing Officer were not legally permissible. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340823