https://www.taxtmi.com/caselaws?id=402349 Reassessment under sections 147 and 148 was upheld because the assessee had not fully and truly disclosed a material fact relevant to exemption under section 11, so reopening was not barred for want of disclosure. The claim for exemption under section 11 also failed because 85% of the income or receipts had not been applied for charitable purposes. The alternative claim under section 10(23C)(iiiad) was required to be examined on merits, and the matter was remitted to the Assessing Officer for fresh consideration of that exemption. en-us Tue, 15 Dec 2020 00:00:00 +0530 Wed, 30 Dec 2020 11:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402349 Reassessment under sections 147 and 148 was upheld because the assessee had not fully and truly disclosed a material fact relevant to exemption under section 11, so reopening was not barred for want of disclosure. The claim for exemption under section 11 also failed because 85% of the income or receipts had not been applied for charitable purposes. The alternative claim under section 10(23C)(iiiad) was required to be examined on merits, and the matter was remitted to the Assessing Officer for fresh consideration of that exemption. Case-Laws Income Tax Tue, 15 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402349