https://www.taxtmi.com/caselaws?id=771965 Gujarat HC allowed the petition challenging reopening of assessment under section 147. The AO attempted to disallow section 80-IB(10) deduction for residential project "Venus Parkland" claiming non-completion by March 31, 2012. However, CIT(A) had already allowed such deductions vide order dated July 31, 2019. The court held that AO lacked jurisdiction to reopen assessment and disallow the deduction on grounds of project non-completion, as the matter was already decided favorably by appellate authority. en-us Tue, 06 May 2025 00:00:00 +0530 Mon, 02 Jun 2025 08:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771965 Gujarat HC allowed the petition challenging reopening of assessment under section 147. The AO attempted to disallow section 80-IB(10) deduction for residential project "Venus Parkland" claiming non-completion by March 31, 2012. However, CIT(A) had already allowed such deductions vide order dated July 31, 2019. The court held that AO lacked jurisdiction to reopen assessment and disallow the deduction on grounds of project non-completion, as the matter was already decided favorably by appellate authority. Case-Laws Income Tax Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771965