AO directed to reassess Satyam Computer assessment for 2003-2009 as per HC judgement

Tech Mahindra Limited Vs ACIT (ITAT Hyderabad) ITAT Hyderabad directs AO to reassess Satyam Computer Services [Now, Tech Mahindra Limited] for the Assessment Year 2003-2004 to 2008-2009 in light of the judgement of Hon’ble High Court for the State of Telangana at Hyderabad. Facts- After the statement of Shri B. Ramalinga Raju [Satyam Computer Services] on 07.01.2009 admitting to falsifying corporate accounts and confessed to fudging sales and interest income for many years and on the basis of the said confession, the Government of India, on the same day intervened by filing a petition before...