https://www.taxtmi.com/caselaws?id=33349 The court ruled in favor of the petitioners, quashing the notice issued under section 148 of the Income-tax Act for claiming deductions under sections 80HH and 80-I. The court emphasized that the Assessing Officer's change of opinion post the Supreme Court judgment did not indicate any failure on the part of the assessee. It was held that the time limit for reassessment had lapsed, and without meeting specific conditions like non-disclosure or false disclosure, no reassessment could be initiated. The court allowed all petitions and made the rule absolute in each case without awarding costs. en-us Wed, 18 Jun 2008 00:00:00 +0530 Wed, 06 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33349 The court ruled in favor of the petitioners, quashing the notice issued under section 148 of the Income-tax Act for claiming deductions under sections 80HH and 80-I. The court emphasized that the Assessing Officer's change of opinion post the Supreme Court judgment did not indicate any failure on the part of the assessee. It was held that the time limit for reassessment had lapsed, and without meeting specific conditions like non-disclosure or false disclosure, no reassessment could be initiated. The court allowed all petitions and made the rule absolute in each case without awarding costs. Case-Laws Income Tax Wed, 18 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33349