https://www.taxtmi.com/caselaws?id=27051 The court concluded that the exemption under section 80K should be adjusted in subsequent years to avoid undue burden on the Income-tax Department. Reassessment notices were deemed invalid, emphasizing challenges in applying sections 80K and 80J concurrently. The court noted the complexity of section 80K and ruled in favor of applying Rule 20. The case was not suitable for reassessment but for Rule 20 application. Parties bore their own costs, recognizing the case as a test for determining section 80K's application. en-us Wed, 22 May 1985 00:00:00 +0530 Wed, 10 Feb 2010 14:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27051 The court concluded that the exemption under section 80K should be adjusted in subsequent years to avoid undue burden on the Income-tax Department. Reassessment notices were deemed invalid, emphasizing challenges in applying sections 80K and 80J concurrently. The court noted the complexity of section 80K and ruled in favor of applying Rule 20. The case was not suitable for reassessment but for Rule 20 application. Parties bore their own costs, recognizing the case as a test for determining section 80K's application. Case-Laws Income Tax Wed, 22 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27051