https://www.taxtmi.com/caselaws?id=466902 Tribunal upheld reopening under Section 148/147/143(3) because the Assessing Officer possessed prima facie material-omissions in statutory filings and improper inclusion of interest income-sufficient to form belief that material facts were not truly and fully disclosed, so reassessment was valid. On the substantive claim, the Tribunal found the transactions and records demonstrated contractor characterisation (sale of plots by registered deed followed by construction services), non-compliance with prescribed built-up area limits for certain units, and absence of required completion certificates; accordingly the claim for deduction under Section 80IB(10) was disallowed and the appeal dismissed. en-us Mon, 14 Sep 2015 00:00:00 +0530 Wed, 25 Feb 2026 15:04:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466902 Tribunal upheld reopening under Section 148/147/143(3) because the Assessing Officer possessed prima facie material-omissions in statutory filings and improper inclusion of interest income-sufficient to form belief that material facts were not truly and fully disclosed, so reassessment was valid. On the substantive claim, the Tribunal found the transactions and records demonstrated contractor characterisation (sale of plots by registered deed followed by construction services), non-compliance with prescribed built-up area limits for certain units, and absence of required completion certificates; accordingly the claim for deduction under Section 80IB(10) was disallowed and the appeal dismissed. Case-Laws Income Tax Mon, 14 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466902