https://www.taxtmi.com/caselaws?id=347417 The Court set aside the notice to reopen the assessment for AY 2010-11, ruling in favor of the pharmaceutical company petitioner. The Court found that there was no failure to disclose material facts regarding the claim for exemption of Rs. 130 crores, as it had been previously examined during the original assessment. Emphasizing the principle against reexamining claims already scrutinized, the Court concluded that the Assessing Officer's notice for reopening was based on a change of opinion and therefore rejected it. en-us Mon, 28 Aug 2017 00:00:00 +0530 Mon, 04 Sep 2017 09:00:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347417 The Court set aside the notice to reopen the assessment for AY 2010-11, ruling in favor of the pharmaceutical company petitioner. The Court found that there was no failure to disclose material facts regarding the claim for exemption of Rs. 130 crores, as it had been previously examined during the original assessment. Emphasizing the principle against reexamining claims already scrutinized, the Court concluded that the Assessing Officer's notice for reopening was based on a change of opinion and therefore rejected it. Case-Laws Income Tax Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347417