https://www.taxtmi.com/caselaws?id=411903 The High Court set aside the notice under Section 148 of the Income Tax Act, 1961 for reopening the assessment for Assessment Year 2012-13, as it lacked specificity on undisclosed material facts, rendering it without jurisdiction. The court also rejected the disallowance of deductions under Section 10AA, emphasizing the importance of complying with statutory requirements for reopening assessments and ensuring that reasons for reopening assessments are based on specific and valid grounds supported by the law. en-us Tue, 31 Aug 2021 00:00:00 +0530 Wed, 17 Nov 2021 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411903 The High Court set aside the notice under Section 148 of the Income Tax Act, 1961 for reopening the assessment for Assessment Year 2012-13, as it lacked specificity on undisclosed material facts, rendering it without jurisdiction. The court also rejected the disallowance of deductions under Section 10AA, emphasizing the importance of complying with statutory requirements for reopening assessments and ensuring that reasons for reopening assessments are based on specific and valid grounds supported by the law. Case-Laws Income Tax Tue, 31 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411903