https://www.taxtmi.com/caselaws?id=381364 The High Court ruled in favor of the petitioner in a case challenging the notice of reopening of assessment. The court found that the notice lacked legal validity as the petitioner had disclosed all material facts during the original assessment, and the Assessing Officer had previously examined and approved the deduction claim under Section 80-IB(10). The court emphasized that the notice was issued beyond the statutory time limit and that the objections raised by the department were unsustainable. Consequently, the court set aside the notice and allowed the petition in favor of the petitioner. en-us Mon, 03 Jun 2019 00:00:00 +0530 Sat, 08 Jun 2019 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381364 The High Court ruled in favor of the petitioner in a case challenging the notice of reopening of assessment. The court found that the notice lacked legal validity as the petitioner had disclosed all material facts during the original assessment, and the Assessing Officer had previously examined and approved the deduction claim under Section 80-IB(10). The court emphasized that the notice was issued beyond the statutory time limit and that the objections raised by the department were unsustainable. Consequently, the court set aside the notice and allowed the petition in favor of the petitioner. Case-Laws Income Tax Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381364