https://www.taxtmi.com/caselaws?id=389815 The court held that the reopening of the assessment under Section 148 of the Income Tax Act for the Assessment Year 2007-08 was unjustified as it was beyond the stipulated period and there was no failure to disclose material facts. The petitioner's interpretation of Section 10B for claiming deductions was deemed consistent with the law, and the court found no failure to disclose true and full material particulars. Consequently, the court allowed the writ petition, setting aside the impugned order, and closed the connected miscellaneous petition. en-us Mon, 18 Nov 2019 00:00:00 +0530 Tue, 17 Dec 2019 16:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389815 The court held that the reopening of the assessment under Section 148 of the Income Tax Act for the Assessment Year 2007-08 was unjustified as it was beyond the stipulated period and there was no failure to disclose material facts. The petitioner's interpretation of Section 10B for claiming deductions was deemed consistent with the law, and the court found no failure to disclose true and full material particulars. Consequently, the court allowed the writ petition, setting aside the impugned order, and closed the connected miscellaneous petition. Case-Laws Income Tax Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389815