Reopening Invalid as Based on Issue Already Decided in Earlier Year: Gujarat HC

Venus Infrastructure And Developers Private Limited Vs DCIT (Gujarat High Court) The case concerns a writ petition challenging the validity of a notice issued under Section 148 of the Income Tax Act, 1961 for reopening the assessment for Assessment Year 2016–17. The petitioner, a company engaged in construction and real estate development, had originally filed its return of income claiming deduction under Section 80IB(10) for a housing project named “Venus Parkland.” The return was processed under Section 143(1), and no scrutiny assessment was conducted. Read SC Judgment in this case: SC...