https://www.taxtmi.com/caselaws?id=406496 The Court quashed the Assistant Commissioner of Income Tax's order reopening the assessment for the assessment year 2015-16, directing a reasoned order after granting a hearing to the petitioner. The Court emphasized the need to consider potential tax escapement due to the available deduction under Section 80IA, as the reassessment was based on this assumption. The Commissioner was instructed to address all points, including the tax escapement issue. The Court disposed of the writ petition, clarifying that the respondent did not admit the allegations due to the absence of affidavits and ordered the provision of an urgent certified copy of the order to the parties. en-us Mon, 12 Apr 2021 00:00:00 +0530 Thu, 15 Apr 2021 08:07:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406496 The Court quashed the Assistant Commissioner of Income Tax's order reopening the assessment for the assessment year 2015-16, directing a reasoned order after granting a hearing to the petitioner. The Court emphasized the need to consider potential tax escapement due to the available deduction under Section 80IA, as the reassessment was based on this assumption. The Commissioner was instructed to address all points, including the tax escapement issue. The Court disposed of the writ petition, clarifying that the respondent did not admit the allegations due to the absence of affidavits and ordered the provision of an urgent certified copy of the order to the parties. Case-Laws Income Tax Mon, 12 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406496