https://www.taxtmi.com/caselaws?id=382719 The High Court dismissed the appeal, affirming the Single Bench's decision in favor of the assessee regarding the reopening of assessment for the year 2010-2011 based on a deduction claim under Section 10B of the Income Tax Act. The court emphasized the significance of accurate details submission, criticized the assessee for delayed clarification of the commencement date, and stressed the principle of substance over form in tax assessments. Ultimately, the court upheld the Single Bench's decision, highlighting the necessity for a comprehensive examination of facts before reopening assessments. en-us Mon, 24 Jun 2019 00:00:00 +0530 Wed, 10 Jul 2019 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382719 The High Court dismissed the appeal, affirming the Single Bench's decision in favor of the assessee regarding the reopening of assessment for the year 2010-2011 based on a deduction claim under Section 10B of the Income Tax Act. The court emphasized the significance of accurate details submission, criticized the assessee for delayed clarification of the commencement date, and stressed the principle of substance over form in tax assessments. Ultimately, the court upheld the Single Bench's decision, highlighting the necessity for a comprehensive examination of facts before reopening assessments. Case-Laws Income Tax Mon, 24 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382719