https://www.taxtmi.com/caselaws?id=430218 The court ruled in favor of the petitioner, setting aside the notice under Section 148 of the Income Tax Act, 1961, and the order rejecting objections to the reopening of the assessment for the year 2013-14. The court found that the petitioner had not claimed deductions under Section 80CCC and had provided sufficient information regarding investments. It concluded that the surrender value of the pension policy was not taxable under Section 80CCC (2) since no relief was claimed under Section 80CCC (1). The court criticized the Assessing Officer for conducting an unwarranted inquiry and allowed the petition, making the rule absolute. en-us Fri, 11 Nov 2022 00:00:00 +0530 Wed, 08 Apr 2026 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430218 The court ruled in favor of the petitioner, setting aside the notice under Section 148 of the Income Tax Act, 1961, and the order rejecting objections to the reopening of the assessment for the year 2013-14. The court found that the petitioner had not claimed deductions under Section 80CCC and had provided sufficient information regarding investments. It concluded that the surrender value of the pension policy was not taxable under Section 80CCC (2) since no relief was claimed under Section 80CCC (1). The court criticized the Assessing Officer for conducting an unwarranted inquiry and allowed the petition, making the rule absolute. Case-Laws Income Tax Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430218