https://www.taxtmi.com/caselaws?id=34258 The High Court found that the re-assessment proceedings initiated under Section 147 for deduction under Section 80HHC were invalid due to exceeding the statutory limitation period of four years from the end of the relevant assessment year. As the re-assessment was initiated after this period, the Court dismissed the appeal solely on the grounds of the proceedings being legally unsupported. The Court emphasized the importance of complying with the prescribed limitation period under the Income Tax Act, leading to the outcome of the case being in favor of dismissing the appeal. en-us Mon, 20 Jul 2009 00:00:00 +0530 Sat, 01 Aug 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34258 The High Court found that the re-assessment proceedings initiated under Section 147 for deduction under Section 80HHC were invalid due to exceeding the statutory limitation period of four years from the end of the relevant assessment year. As the re-assessment was initiated after this period, the Court dismissed the appeal solely on the grounds of the proceedings being legally unsupported. The Court emphasized the importance of complying with the prescribed limitation period under the Income Tax Act, leading to the outcome of the case being in favor of dismissing the appeal. Case-Laws Income Tax Mon, 20 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34258