https://www.taxtmi.com/caselaws?id=447131 The HC ruled in favor of the petitioner, a charitable institution, by granting the relief sought in the writ petition. The court concluded that the re-opening of the assessment under Section 147 of the Income Tax Act, 1961, was impermissible as the petitioner did not fail to disclose material facts. The reasons for re-opening were based on information already disclosed in the income return, and the alleged commercial activities did not justify the withdrawal of exemption under Section 11. The re-opening notice was deemed invalid, and the petition was disposed of accordingly. en-us Fri, 15 Dec 2023 00:00:00 +0530 Tue, 19 Dec 2023 09:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447131 The HC ruled in favor of the petitioner, a charitable institution, by granting the relief sought in the writ petition. The court concluded that the re-opening of the assessment under Section 147 of the Income Tax Act, 1961, was impermissible as the petitioner did not fail to disclose material facts. The reasons for re-opening were based on information already disclosed in the income return, and the alleged commercial activities did not justify the withdrawal of exemption under Section 11. The re-opening notice was deemed invalid, and the petition was disposed of accordingly. Case-Laws Income Tax Fri, 15 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447131