Assessment Reopening Notice issued by JAO not in accordance with Section 151A of Income Tax Act is invalid: Bombay HC [Read Order]

Any guideline issued by the CBDT is not binding on petitioner
Assessment Reopening Notice - JAO - Income Tax Act - Bombay HC - taxscan

A Division bench of the Bombay High Court held that the notice for reopening of assessment is  invalid on mere belief of escapement of income when the deduction under Section 80JJAA of the Income Tax Act had been consistently allowed in earlier years without a change in law. The petitioner is engaged in information technology…

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