NCOME TAX : Where the issue of exemption u/s 10(26BBB) has been extensively dealt with and the assessment was ultimately completed after making proportionate disallowance of claim of exemption and there is nothing to show that there was any failure in terms of first proviso to section 147 and there was no whisper of any fresh tangible material,
from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315429/reassessment-to-enhance-disallowance-on-basis-of-existing-material-available-before-ao-isn’t-permissible-itat.aspx
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