Assessment reopening beyond 4 years from end of assessment year ...

Reopening Assessment Beyond 4 Years Not Allowed. Potato Chips Manufacturing Eligible for 80IB(11A) Deduction.

Case Laws Income Tax

October 21, 2024

Assessment reopening beyond 4 years from end of assessment year not permissible as no failure by assessee to disclose material facts. Deduction u/s 80IB(11A) allowed for manufacturing potato chips/snacks as it constitutes processing of vegetable as per judicial precedents from Madras, Uttarakhand High Courts and ITAT decisions. Revenue's appeal dismissed, CIT(A)'s order upholding assessee's claim affirmed.

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Assessment reopening beyond 4 years from end of assessment year ...

Reopening Assessment Beyond 4 Years Not Allowed. Potato Chips Manufacturing Eligible for 80IB(11A) Deduction.

Case Laws Income Tax

October 21, 2024

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