https://www.taxtmi.com/caselaws?id=358881 The Tribunal invalidated the reassessment order due to lack of providing adequate opportunity and violating principles of natural justice. It found the reassessment without jurisdiction and based on incorrect premises. The disallowance of exemptions under Sections 10A and 10AA was deemed unjustified. The requirement to file Form 56F was considered directory, and the approval for reopening lacked reasoning. Consequently, the reassessment order was set aside, and exemptions under Sections 10A and 10AA were reinstated. en-us Wed, 18 Apr 2018 00:00:00 +0530 Thu, 19 Apr 2018 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358881 The Tribunal invalidated the reassessment order due to lack of providing adequate opportunity and violating principles of natural justice. It found the reassessment without jurisdiction and based on incorrect premises. The disallowance of exemptions under Sections 10A and 10AA was deemed unjustified. The requirement to file Form 56F was considered directory, and the approval for reopening lacked reasoning. Consequently, the reassessment order was set aside, and exemptions under Sections 10A and 10AA were reinstated. Case-Laws Income Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358881