https://www.taxtmi.com/caselaws?id=343805 The tribunal upheld the validity of the assessment reopening under Section 147, citing the Assessing Officer's "reason to believe" that income had escaped assessment. The tribunal found the non-disclosure of construction delays justified the reopening. Additionally, the tribunal upheld the disallowance of the deduction under Section 80-IB(10) due to the incomplete project, confirming the assessee's ineligibility for the deduction. Consequently, the tribunal dismissed the assessee's appeal, affirming both decisions. en-us Mon, 29 May 2017 00:00:00 +0530 Fri, 02 Jun 2017 06:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343805 The tribunal upheld the validity of the assessment reopening under Section 147, citing the Assessing Officer's "reason to believe" that income had escaped assessment. The tribunal found the non-disclosure of construction delays justified the reopening. Additionally, the tribunal upheld the disallowance of the deduction under Section 80-IB(10) due to the incomplete project, confirming the assessee's ineligibility for the deduction. Consequently, the tribunal dismissed the assessee's appeal, affirming both decisions. Case-Laws Income Tax Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343805