Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (4) TMI 12 - HC - Income TaxReassessment - Notice u/s 148 - deduction under section 10B - According to Department it is a case of escape assessment and assessee was not entitled for deduction under section 10B of the Act and therefore serve a notice u/s 148 for reopening of the case. Held that :- During the course of assessment proceedings the Income-tax Officer has raised certain queries with regard to deductions, which were replied by the assessee and in the assessment order in paragraph 4.1 the Assessing Officer has dealt with the question of grant of deduction and has allowed deductions. - The reasons given for reopening the assessment and the notice issued under section 148 of the Act is nothing but a change of opinion. It is not the case of escape assessment. For the aforesaid reasons, notice issued under section 148 of the Act deserves to be quashed. This writ petition succeeds and is allowed.
|