https://www.taxtmi.com/caselaws?id=446730 HC quashed reassessment notice issued after 4 years for denial of exemption under Section 11. Revenue rejected petitioner's objections claiming Form-10 was not filed before due date under Section 139(1). Court held that Form-10 under Rule 17 must be filed before assessment completion, not return filing date. Since Form-10 was filed before assessment completion, Section 11(2) benefit was available. Assessing Officer ignored SC precedent in Nagpur Hotel Owners Association and HC decisions. Entire reassessment process lacked legal basis and was quashed in favor of assessee. en-us Wed, 06 Dec 2023 00:00:00 +0530 Wed, 18 Feb 2026 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446730 HC quashed reassessment notice issued after 4 years for denial of exemption under Section 11. Revenue rejected petitioner's objections claiming Form-10 was not filed before due date under Section 139(1). Court held that Form-10 under Rule 17 must be filed before assessment completion, not return filing date. Since Form-10 was filed before assessment completion, Section 11(2) benefit was available. Assessing Officer ignored SC precedent in Nagpur Hotel Owners Association and HC decisions. Entire reassessment process lacked legal basis and was quashed in favor of assessee. Case-Laws Income Tax Wed, 06 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446730