https://www.taxtmi.com/caselaws?id=347730 The court invalidated the notice for reopening the assessment, ruling that the reassessment disallowing deductions under section 10B of the Income Tax Act was unjustified. The court emphasized that the original assessment had thoroughly examined and accepted the petitioner's claims, finding no failure to disclose necessary facts. Consequently, the court set aside the reassessment order and affirmed that the reopening was impermissible due to the absence of new material or undisclosed facts. en-us Mon, 04 Sep 2017 00:00:00 +0530 Fri, 08 Sep 2017 19:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347730 The court invalidated the notice for reopening the assessment, ruling that the reassessment disallowing deductions under section 10B of the Income Tax Act was unjustified. The court emphasized that the original assessment had thoroughly examined and accepted the petitioner's claims, finding no failure to disclose necessary facts. Consequently, the court set aside the reassessment order and affirmed that the reopening was impermissible due to the absence of new material or undisclosed facts. Case-Laws Income Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347730