HC Strikes Down Reopening of Accepted Section 80-IA Claim | Biz Flow Kit
HC Strikes Down Reopening of Accepted Section 80-IA Claim The Bombay High Court quashed reassessment proceedings initiated against Chennai Container Terminal Pvt. Ltd. for AY 2014-15, holding that the reopening was based on an incorrect interpretation of Section 80-IA and was barred by the first proviso to Section 147 as there was no failure by…
