Dismissing the petition the Court held that in the original assessment order there was no opinion formed with respect to any of the issues on which now a reassessment was attempted. Reassessment is held to be valid. (AY. 2007 -08)
Innovative Foods Ltd. v. UOI (2018) 409 ITR 415 (Ker.)(HC)
S. 147 : Reassessment—Within four years-Deduction allowed without discussion in original assessment — Reassessment on the ground that excess deduction was allowed is held to be valid. [S. 148]