Reassessment on the basis of Income Tax amendment not justified

IN THE ITAT CHENNAI BENCH ‘C’ Saint Gobain Glass India Ltd. V/s. Assistant Commissioner of Income-tax, Company Circle-VI (1) IT Appeal No. 276 (Mad.) of 2012 [Assessment year 2003-04] May 18, 2012 ORDER N.S. Saini, Accountant Member – This is an appeal filed by the Assessee against the order of the Commissioner of Income Tax(Appeals) Large Taxpayer Unit, Chennai dated 18.11.2011 for Assessment Year 2003-04. 2. The assessee has taken the following grounds of appeal. “1. The order of the Commissioner of Income Tax(A) is contrary to law, facts and circums...