https://www.taxtmi.com/highlights?id=54012 Reopening of assessment u/s 147 - Deduction u/s 80IB(10) - built-up area of some of the residential units in the project was more than the prescribed area of 1000 sq. ft - the reopening of the case before us was carried out on the basis of fresh “tangible material” which clearly established that the A.O had a ‘reason to believe’ that the income of the assessee chargeable to tax had escaped assessment. en-us Tue, 14 Jul 2020 12:50:31 +0530 Tue, 14 Jul 2020 12:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54012 Reopening of assessment u/s 147 - Deduction u/s 80IB(10) - built-up area of some of the residential units in the project was more than the prescribed area of 1000 sq. ft - the reopening of the case before us was carried out on the basis of fresh “tangible material” which clearly established that the A.O had a ‘reason to believe’ that the income of the assessee chargeable to tax had escaped assessment. Highlights Income Tax Tue, 14 Jul 2020 12:50:31 +0530 https://www.taxtmi.com/highlights?id=54012