https://www.taxtmi.com/caselaws?id=347295 The Court quashed the notice issued under Section 148 of the Income Tax Act, finding it invalid due to the Assessee's full disclosure during the original assessment. The Assessee was deemed entitled to the deduction under Section 10B for the Pune unit, as the unit qualified as an eligible undertaking. The reopening of the assessment was deemed unjustified, given the lack of new material and the Assessee's comprehensive disclosure during the original assessment proceedings. The Court allowed the writ petition, setting aside the order disposing of the Assessee's objections, with no costs awarded. en-us Wed, 30 Aug 2017 00:00:00 +0530 Mon, 13 Nov 2017 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347295 The Court quashed the notice issued under Section 148 of the Income Tax Act, finding it invalid due to the Assessee's full disclosure during the original assessment. The Assessee was deemed entitled to the deduction under Section 10B for the Pune unit, as the unit qualified as an eligible undertaking. The reopening of the assessment was deemed unjustified, given the lack of new material and the Assessee's comprehensive disclosure during the original assessment proceedings. The Court allowed the writ petition, setting aside the order disposing of the Assessee's objections, with no costs awarded. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347295