Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2017 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (6) TMI 954 - HC - Income TaxReopening of assessment - disallow the assessee's claim of deduction under Section 80IA - Held that:- Under similar circumstances, in case of this very assessee for the assessment year 2006-07 [2017 (6) TMI 834 - GUJARAT HIGH COURT] we set aside the notice for reopening as held that there was no failure on the part of the assessee to disclose necessary facts. The documents in the nature of contracts between the government and other agencies were very much part of the record. Further, during the assessment pursuant to the first notice for reopening, the Assessing Officer had examined the claim of deduction under Section 80IA (4) of the Act. It may be that the Assessing Officer had only one of the units of the assessee in mind when such assessment was being framed. Nevertheless nothing prevented him from disallowing such deduction qua other units also if similar situation obtained. - Decided in favour of assessee.
|