Reopening of assessment u/s 147 - double deduction u/s 80IB - In ...

Case Laws Income Tax

October 11, 2021

Reopening of assessment u/s 147 - double deduction u/s 80IB - In the reasons for re-opening, there is not even a whisper as to what was not disclosed. In our view, this is not a case where the assessment is sought to be reopened on the reasonable belief that income had escaped assessment on account of failure of the assessee to disclose truly and fully all material facts that were necessary for computation of income but this is a case wherein the assessment is sought to be re-opened on account of change of opinion of the Assessing Officer about the manner of computation of the deduction. - - HC

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Reopening of assessment u/s 147 - double deduction u/s 80IB - In ...

Case Laws Income Tax

October 11, 2021

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