https://www.taxtmi.com/caselaws?id=277094 The Court quashed the notice seeking to reopen the assessment for the Assessment Year 2011-2012 under Section 148 of the Income-tax Act, 1961. The Court held that the Assessing Officer had already accepted the deduction claim under Section 10B during the original assessment without any disallowance. As the petitioner had provided all necessary details and there was no basis for reopening the assessment, the Court ruled in favor of the petitioner, emphasizing the importance of full disclosure of material facts during assessments and preventing reopening based on previously accepted claims. en-us Tue, 13 Mar 2018 00:00:00 +0530 Fri, 21 Jun 2019 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277094 The Court quashed the notice seeking to reopen the assessment for the Assessment Year 2011-2012 under Section 148 of the Income-tax Act, 1961. The Court held that the Assessing Officer had already accepted the deduction claim under Section 10B during the original assessment without any disallowance. As the petitioner had provided all necessary details and there was no basis for reopening the assessment, the Court ruled in favor of the petitioner, emphasizing the importance of full disclosure of material facts during assessments and preventing reopening based on previously accepted claims. Case-Laws Income Tax Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277094