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2017 (12) TMI 68 - HC - Income TaxReopening of assessment - additions made holding that the amounts brought to tax could not have been legitimately claimed as deduction under Section 80HHb - ITAT allowed the assessee’s contentions - Held that:- This Court is of the opinion that the conclusion recorded by the ITAT does not call any interference. The regular assessment was completed, in this case, on 31.03.2003. The regular assessment for AY 1998-99 was completed on 27.03.2001. In these circumstances, the assessee could not be faulted for having accepted the additions made for the previous assessment year (AY 1998-99); though later, given that the returns were filed on 29.11.2000 for the assessment year (AY 2000-01) in the present case. - Decided against revenue
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