Reopening Challenge Rejected; Revenue Difference Issue Sent Back

Salgaocar Mining Industries Pvt Ltd. Vs DCIT (ITAT Panaji) Fresh Legal Challenge to Reopening Rejected; Revenue-Difference Addition Remanded on Natural Justice Grounds: ITAT Panaji The Panaji Bench of the Income Tax Appellate Tribunal, Panaji Bench partly allowed the appeal of Salgaocar Mining Industries Pvt. Ltd. for AY 2006-07, admitting relief only on the ground of natural justice and remanding the issue of alleged difference in business receipts to the CIT(A) for fresh adjudication. The assessee challenged a best judgment reassessment u/s 144 r.w.s. 147, wherein the AO had made additions o...