Case Law Details
Case Name : Gateway Leasing Pvt. Ltd. Vs ACIT (Bombay High Court)
Related Assessment Year : 2012-13
Courts :
All High Courts Bombay High Court
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Gateway Leasing Pvt. Ltd. Vs ACIT (Bombay High Court)
The issue under consideration is whether the re-opening of the assessment u/s 147 is justified in law?
In the present case, after referring to the information received following search and seizure action carried out in the premises of Shri Naresh Jain, it was stated that information showed that Petitioner had traded in the shares of M/s. Scan Steels Ltd., and was in receipt of Rs. 23,98,014.00 and therefore, Respondent
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