https://www.taxtmi.com/highlights?id=75839 Validity of reopening of assessment - doctrine of merger - The ITAT unequivocally quashed the reassessment proceedings initiated against the appellant for the Assessment Year 2006-07, ruling them as bad-in-law due to the procedural flaw of issuing a notice under section 147 beyond the four-year period without specifying the particulars of omitted income - The judgment also indirectly supports the appellant's contention regarding the classification of certain incomes as business incomes eligible for section 80IA deductions, though this specific issue became moot following the quashing of the reassessment order. en-us Tue, 19 Mar 2024 09:17:26 +0530 Tue, 19 Mar 2024 09:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75839 Validity of reopening of assessment - doctrine of merger - The ITAT unequivocally quashed the reassessment proceedings initiated against the appellant for the Assessment Year 2006-07, ruling them as bad-in-law due to the procedural flaw of issuing a notice under section 147 beyond the four-year period without specifying the particulars of omitted income - The judgment also indirectly supports the appellant's contention regarding the classification of certain incomes as business incomes eligible for section 80IA deductions, though this specific issue became moot following the quashing of the reassessment order. Highlights Income Tax Tue, 19 Mar 2024 09:17:26 +0530 https://www.taxtmi.com/highlights?id=75839