https://www.taxtmi.com/caselaws?id=368970 The High Court held that the notice for reopening the assessment under section 148 of the Income Tax Act, 1961 for the assessment year 2011-2012 was invalid. The Court emphasized that since the claim for deduction under section 10B was thoroughly examined during the original assessment, it could not be reopened based on allegations of disproportionate bifurcation of expenditures between units. The Court quashed the notice, ruling in favor of the petitioner. en-us Mon, 15 Oct 2018 00:00:00 +0530 Wed, 17 Oct 2018 07:44:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368970 The High Court held that the notice for reopening the assessment under section 148 of the Income Tax Act, 1961 for the assessment year 2011-2012 was invalid. The Court emphasized that since the claim for deduction under section 10B was thoroughly examined during the original assessment, it could not be reopened based on allegations of disproportionate bifurcation of expenditures between units. The Court quashed the notice, ruling in favor of the petitioner. Case-Laws Income Tax Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368970