L&T Case: Classic example of change of opinion

Advocate Akhilesh Kumar Sah DCIT Vs M/s Larsen & Toubro Limited (ITAT Mumbai) Recently in, DCIT vs. M/s Larsen & Toubro Limited (ITA No.262/Mum/2016) ITAT Mumbai, decided on 06/09/2019, one of the ground taken was, on the facts and in the circumstances of the case the CIT(A) had erred in holding that the assessment reopened u/s 147 is invalid and deleting the addition made by the AO on account of product warranty. The brief facts of the case were that the assessee company being engaged in providing Engineering and related services, filed its return of income for AY 2005-06 on 28/10/2...