https://www.taxtmi.com/caselaws?id=403725 The Income Tax Appellate Tribunal (ITAT) allowed the appeal filed by the assessee, quashing the notice issued under Section 148 and the consequent assessment framed under Section 143(3) read with Section 147. The ITAT found that the reopening of the assessment beyond four years was not valid as there was no failure on the part of the assessee to disclose fully and truly all material facts necessary for assessment. The issue of disallowance of the deduction claimed under Section 80JJAA became academic due to the quashing of the reassessment proceedings. en-us Thu, 28 Jan 2021 00:00:00 +0530 Fri, 05 Feb 2021 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403725 The Income Tax Appellate Tribunal (ITAT) allowed the appeal filed by the assessee, quashing the notice issued under Section 148 and the consequent assessment framed under Section 143(3) read with Section 147. The ITAT found that the reopening of the assessment beyond four years was not valid as there was no failure on the part of the assessee to disclose fully and truly all material facts necessary for assessment. The issue of disallowance of the deduction claimed under Section 80JJAA became academic due to the quashing of the reassessment proceedings. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403725