https://www.taxtmi.com/caselaws?id=793607 Reopening under Section 148A(d) based on disallowance of a scientifically estimated warranty provision was invalid because the liability was a present obligation, reliably measurable from historical data and audited accounts, and deductible business expenditure under Section 37; the reassessment was quashed. Reopening on alleged non-taxation of forfeited security deposits taken against C-Forms was also invalid because the relevant facts had already been disclosed, the material was before the Assessing Officer, and the action amounted to a mere change of opinion; this ground too was quashed. The impugned notice and reassessment order for Assessment Year 2017-18 were held unsustainable, and the writ petition succeeded. en-us Tue, 09 Jun 2026 00:00:00 +0530 Fri, 19 Jun 2026 08:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793607 Reopening under Section 148A(d) based on disallowance of a scientifically estimated warranty provision was invalid because the liability was a present obligation, reliably measurable from historical data and audited accounts, and deductible business expenditure under Section 37; the reassessment was quashed. Reopening on alleged non-taxation of forfeited security deposits taken against C-Forms was also invalid because the relevant facts had already been disclosed, the material was before the Assessing Officer, and the action amounted to a mere change of opinion; this ground too was quashed. The impugned notice and reassessment order for Assessment Year 2017-18 were held unsustainable, and the writ petition succeeded. Case-Laws Income Tax Tue, 09 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793607