No reassessment to disallow deduction if all relevant material were available before AO during original assessment: HC

INCOME TAX : Where AO issued a reopening notice against assessee on ground that deduction under section 80-IA(4)(iv) claimed and allowed on generation and sale of steam by assessee was to be disallowed, since all relevant material in relation to issue of deduction in respect of steam power generation was available on record before AO during original scrutiny assessment and there was no omission or failure to disclose truly and fully all primary material facts by assessee,

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