https://www.taxtmi.com/caselaws?id=10035 The High Court of Allahabad allowed three writ petitions challenging notices issued under section 148 of the Income-tax Act for assessment years 1996-97 and 1998-99 regarding special deductions under section 80HHC for counter sales made against foreign exchange. The court quashed the notices as there was no reasonable belief for the Assessing Officer to withdraw the deduction based on established legal precedents. All three writ petitions were allowed, setting aside the notices and consequential proceedings, with no costs imposed. en-us Mon, 26 Jul 2004 00:00:00 +0530 Mon, 06 Jul 2009 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10035 The High Court of Allahabad allowed three writ petitions challenging notices issued under section 148 of the Income-tax Act for assessment years 1996-97 and 1998-99 regarding special deductions under section 80HHC for counter sales made against foreign exchange. The court quashed the notices as there was no reasonable belief for the Assessing Officer to withdraw the deduction based on established legal precedents. All three writ petitions were allowed, setting aside the notices and consequential proceedings, with no costs imposed. Case-Laws Income Tax Mon, 26 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10035