AdvertisementGenesys International Corporation Ltd. Vs ACIT (Bombay High Court) The Bombay High Court allowed the writ petition filed by the assessee challenging reassessment proceedings initiated for Assessment Year 2017-18 through a notice issued under Section 148 of the Income-tax Act, 1961. The petitioner also challenged the order rejecting its objections to reopening and the draft assessment order proposing denial of deduction under Section 10AA. The petitioner had claimed deduction under Section 10AA in respect of its eligible Special Economic Zone unit. During the original scrutiny assessment unde...