Reopening despite submission of all facts in relation to deduction claimed by assessee during original assessment is impermissible

Brief about the case  The Assessing Officer had issued notice u/s 148 of IT act to reopen the assessment of the AY 2007-08 giving reasons to believe that there was non-disclosure of all facts with respect to deduction u/s 10A by the assessee and the assessee had taken the deduction without setting off the loss of one unit. The assessee, on the other hand, asserted that complete facts were before the Assessing Officer during the course of original assessment and it has been referred in the course of passing of the assessment order. Thus the High court held that reopening assessment would be a ...