Notice for Reopening of Assessment Invalid on Belief of Escapement of Income when Deduction u/s 80JJAA allowed in earlier Years: Bombay HC [Read Order]

An issue of correctness of claim of deduction can never represent escapement of income in the form of an asset, the bench noted
Bombay High Court - Reopening of assessment - Section 80JJAA - Escapement of income - 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 had been consistently allowed in earlier years without a change in law. The petitioner is engaged in information technology consulting, software development and business…

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