ITAT SB explains scope of assessment or reassessment u/s.153A(1)(b) & Sec. 80IA

ITAT MUMBAI BENCH (SPECIAL BENCH) All Cargo Global Logistics Ltd. v. Deputy Commissioner of Income-tax  IT APPEAL NOS. 5018 TO 5022 & 5059 (MUM.) OF 2010 [ASSESSMENT YEARS 2004-05 TO 2009-10] JULY 6, 2012 ORDER Per Bench – These appeals involving certain common grounds regarding interpretation of section 153A of the Income-tax Act, 1961, and claimed for deduction under section 80-IA (4) of the Act. The same are being discussed by us with reference to the facts of the case for assessment year 2004-2005 in the case of Allcargo Global Logistics Ltd. The grounds taken ...