Assessment Reopened u/s 147: Assessing Officer Exceeded Jurisdiction in IT Business Deduction u/s 80-IC. https://www.taxtmi.com/highlights?id=36157 Reopening of assessment u/s 147 - deduction u/s 80-IC - requirement of NIC code and Excise Classification for information technology business - The question is not whether the action taken is in good faith or not. What is important is that the AO has exceeded its jurisdiction erroneously. en-us Thu, 31 Aug 2017 17:29:18 +0530 Thu, 31 Aug 2017 17:28:58 +0530 TaxTMI RSS Generator Assessment Reopened u/s 147: Assessing Officer Exceeded Jurisdiction in IT Business Deduction u/s 80-IC. https://www.taxtmi.com/highlights?id=36157 Reopening of assessment u/s 147 - deduction u/s 80-IC - requirement of NIC code and Excise Classification for information technology business - The question is not whether the action taken is in good faith or not. What is important is that the AO has exceeded its jurisdiction erroneously. Highlights Income Tax Thu, 31 Aug 2017 17:29:18 +0530 https://www.taxtmi.com/highlights?id=36157