https://www.taxtmi.com/caselaws?id=34453 The High Court allowed the writ petition, quashing the notice and order under Section 147/148 of the Income Tax Act for the Assessment Year 2001-2002. The Court held that the initiation of reassessment lacked a valid basis as no new facts were presented, and the petitioner had justified the deduction under Section 80IA in previous instances. The Court noted consistency in allowing the deduction for the petitioner in other years and in a similar case involving a group company, ultimately halting the reassessment proceedings initiated by the respondent. en-us Mon, 24 Aug 2009 00:00:00 +0530 Mon, 24 Dec 2012 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34453 The High Court allowed the writ petition, quashing the notice and order under Section 147/148 of the Income Tax Act for the Assessment Year 2001-2002. The Court held that the initiation of reassessment lacked a valid basis as no new facts were presented, and the petitioner had justified the deduction under Section 80IA in previous instances. The Court noted consistency in allowing the deduction for the petitioner in other years and in a similar case involving a group company, ultimately halting the reassessment proceedings initiated by the respondent. Case-Laws Income Tax Mon, 24 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34453