Reopening of assessment without any new tangible material is unsustainable

Tahnee Heights CHS Ltd. Vs ITO (Bombay High Court) Bombay High Court held that assessment order was passed after post considering the submission from the assessee regarding deduction under section 80P. Hence, reopening of assessment in absence of any new tangible material is unsustainable in law. Facts- The petitioner claimed deduction under section 80P of the Income Tax Act. The return of the petitioner was selected for scrutiny. AO in the order of assessment made certain disallowances, however, AO allowed the deduction under section 80P. Subsequently, a notice under section 148 of the Income...