M/s. Lalitha Chem Industries Pvt. Ltd. Versus The Deputy Commissioner of Income-tax - Income Tax - BOMBAY HIGH COURT - HC - Validity of reassessment - Held that - The assessee has claimed deduction u/s 80IB for its Sivasa Unit - As the assessment sought to be reopened is beyond the expiry of four years from the end of the relevant assessment year i.e. 200607, two conditions precedent have to be satisfied - The material which forms the basis of reason to believe is the allocation of expenditure b................................... Income Tax - Case Laws
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