https://www.taxtmi.com/highlights?id=58237 Reopening of assessment u/s 147 - excess claim of Deduction u/s 10B - The case of the respondent (Revenue) is that the petitioner was in the habit of making an excess claim under Section 10B of the IT Act, 1961 and this fact came to be knowledge of the Department only when a survey was conducted during March 2010. It is submitted that, this information was not available earlier when the assessment orders were passed both under Section 143(1). - the Income Tax Department would be justified in reopening the assessment u/s 148 - HC en-us Thu, 03 Jun 2021 14:54:21 +0530 Thu, 03 Jun 2021 14:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58237 Reopening of assessment u/s 147 - excess claim of Deduction u/s 10B - The case of the respondent (Revenue) is that the petitioner was in the habit of making an excess claim under Section 10B of the IT Act, 1961 and this fact came to be knowledge of the Department only when a survey was conducted during March 2010. It is submitted that, this information was not available earlier when the assessment orders were passed both under Section 143(1). - the Income Tax Department would be justified in reopening the assessment u/s 148 - HC Highlights Income Tax Thu, 03 Jun 2021 14:54:21 +0530 https://www.taxtmi.com/highlights?id=58237