https://www.taxtmi.com/caselaws?id=448641 Bombay HC held the reopening under s.147 invalid because the grant of exemption under s.11 and related reliefs were earlier allowed by the first appellate authority and thus became the subject matter of appeal, depriving the Assessing Officer of jurisdiction under the third proviso to s.147 to reassess. The HC further confirmed that a charitable trust is eligible to claim depreciation and that carry forward/set off of unabsorbed depreciation and excess expenditure upheld by the appellate order cannot be reopened. en-us Fri, 19 Jan 2024 00:00:00 +0530 Mon, 01 Sep 2025 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448641 Bombay HC held the reopening under s.147 invalid because the grant of exemption under s.11 and related reliefs were earlier allowed by the first appellate authority and thus became the subject matter of appeal, depriving the Assessing Officer of jurisdiction under the third proviso to s.147 to reassess. The HC further confirmed that a charitable trust is eligible to claim depreciation and that carry forward/set off of unabsorbed depreciation and excess expenditure upheld by the appellate order cannot be reopened. Case-Laws Income Tax Fri, 19 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448641