https://www.taxtmi.com/caselaws?id=371994 The court held that the re-assessment under Section 147 was impermissible as the Assessing Officer had prior knowledge of the facts. The rectification under Section 154 was deemed invalid as it was based on the misconception that a new company was formed post-amalgamation. The original assessment, including the claim under Section 80HHC, was found to be accurate. The Revenue's appeals were dismissed, and the decisions of the lower authorities were affirmed. en-us Fri, 30 Nov 2018 00:00:00 +0530 Fri, 06 Sep 2019 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371994 The court held that the re-assessment under Section 147 was impermissible as the Assessing Officer had prior knowledge of the facts. The rectification under Section 154 was deemed invalid as it was based on the misconception that a new company was formed post-amalgamation. The original assessment, including the claim under Section 80HHC, was found to be accurate. The Revenue's appeals were dismissed, and the decisions of the lower authorities were affirmed. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371994