https://www.taxtmi.com/caselaws?id=758817 The Bombay HC ruled in favor of the assessee in a case involving reopening of assessment for Section 10B deduction claims. The revenue authority attempted to reassess the petitioner's income to disallow Section 10B deductions for export-oriented undertakings at three units, relying on additional evidence from a survey. The HC held that the revenue acted without jurisdiction in seeking to reassess the same claim that had already been adjudicated by appellate authorities in original assessment proceedings. The court found this action violated the third proviso to Section 147, preventing such reassessment based on survey evidence. en-us Wed, 04 Sep 2024 00:00:00 +0530 Tue, 17 Sep 2024 11:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758817 The Bombay HC ruled in favor of the assessee in a case involving reopening of assessment for Section 10B deduction claims. The revenue authority attempted to reassess the petitioner's income to disallow Section 10B deductions for export-oriented undertakings at three units, relying on additional evidence from a survey. The HC held that the revenue acted without jurisdiction in seeking to reassess the same claim that had already been adjudicated by appellate authorities in original assessment proceedings. The court found this action violated the third proviso to Section 147, preventing such reassessment based on survey evidence. Case-Laws Income Tax Wed, 04 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758817