https://www.taxtmi.com/caselaws?id=393140 The court allowed the petition, quashing the notice issued under section 148 of the Income-tax Act for the assessment year 2011-12. The reopening of the assessment was found to be based on incorrect facts and a mere change of opinion. The petitioner was entitled to the deduction under section 80IB(10) as the housing project was approved by GUDA on 06.02.2008. There was no failure to disclose material facts, and the Assessing Officer lacked jurisdiction to reopen the assessment. en-us Tue, 01 Oct 2019 00:00:00 +0530 Thu, 19 Mar 2020 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393140 The court allowed the petition, quashing the notice issued under section 148 of the Income-tax Act for the assessment year 2011-12. The reopening of the assessment was found to be based on incorrect facts and a mere change of opinion. The petitioner was entitled to the deduction under section 80IB(10) as the housing project was approved by GUDA on 06.02.2008. There was no failure to disclose material facts, and the Assessing Officer lacked jurisdiction to reopen the assessment. Case-Laws Income Tax Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393140