https://www.taxtmi.com/caselaws?id=783132 ITAT set aside the reassessment initiated under s.147 beyond four years in relation to deduction claimed under s.80IA(4)(iii). It held that all material facts regarding the deduction were fully and truly disclosed during the original scrutiny and had been examined by the AO. The recorded reasons for reopening relied solely on the audited accounts and documents already on record and did not identify any specific failure by assessee to disclose material facts or any fresh tangible material indicating escapement of income. Treating the action as an impermissible review under the guise of reassessment, ITAT quashed the notice issued under s.148 and allowed assessee's appeal. en-us Fri, 05 Dec 2025 00:00:00 +0530 Wed, 10 Dec 2025 08:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783132 ITAT set aside the reassessment initiated under s.147 beyond four years in relation to deduction claimed under s.80IA(4)(iii). It held that all material facts regarding the deduction were fully and truly disclosed during the original scrutiny and had been examined by the AO. The recorded reasons for reopening relied solely on the audited accounts and documents already on record and did not identify any specific failure by assessee to disclose material facts or any fresh tangible material indicating escapement of income. Treating the action as an impermissible review under the guise of reassessment, ITAT quashed the notice issued under s.148 and allowed assessee's appeal. Case-Laws Income Tax Fri, 05 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783132