https://www.taxtmi.com/caselaws?id=358637 The High Court held that the notice issued under Section 148 of the Income Tax Act to reopen the assessment for Assessment Year 1995-96 was unwarranted. The court found that the petitioner had disclosed and justified the deduction claimed under Section 80M during the original assessment, which was allowed after due consideration. The court determined that there was no valid reason to believe that income had escaped assessment, as the Assessing Officer had already examined and allowed the deduction. Consequently, the petition was allowed, and no costs were imposed. en-us Tue, 10 Apr 2018 00:00:00 +0530 Mon, 16 Apr 2018 06:09:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358637 The High Court held that the notice issued under Section 148 of the Income Tax Act to reopen the assessment for Assessment Year 1995-96 was unwarranted. The court found that the petitioner had disclosed and justified the deduction claimed under Section 80M during the original assessment, which was allowed after due consideration. The court determined that there was no valid reason to believe that income had escaped assessment, as the Assessing Officer had already examined and allowed the deduction. Consequently, the petition was allowed, and no costs were imposed. Case-Laws Income Tax Tue, 10 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358637