https://www.taxtmi.com/caselaws?id=428309 The Court held that the Tribunal's findings on the omission of material facts were based on an incorrect interpretation of the law and not new facts, rendering them perverse. Additionally, the Court determined that the reassessment proceedings were without jurisdiction and illegal as they were initiated based on the same facts known during the original assessment. The Court allowed the appeal, setting aside the Tribunal's order and upholding the original assessment allowing the deduction under Section 80HHC. en-us Fri, 16 Sep 2022 00:00:00 +0530 Wed, 28 Sep 2022 08:04:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428309 The Court held that the Tribunal's findings on the omission of material facts were based on an incorrect interpretation of the law and not new facts, rendering them perverse. Additionally, the Court determined that the reassessment proceedings were without jurisdiction and illegal as they were initiated based on the same facts known during the original assessment. The Court allowed the appeal, setting aside the Tribunal's order and upholding the original assessment allowing the deduction under Section 80HHC. Case-Laws Income Tax Fri, 16 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428309