Case Law Details
Case Name : Rastriya Ispat Nigam Limited Vs Asst. Commissioner of Income Tax (Telangana and Andhra Pradesh High Court)
Related Assessment Year :
Courts :
All High Courts Andhra Pradesh HC
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Brief of the Case
In the present case the writ petition was filed by the Assessee in which the Hon’ble High Court while dismissing the writ petition held that whenever an order is made under the re-assessment, then the limitation will commence from the period of re-assessment and not from the original assessment order.
Facts of the case
The assessee is engaged in the business of manufacture and sale of Iron and Steel products. The assessee admitted total income of Rs.3099.81 Crores and claimed set off of unabsorbed depreciation of Assessment Years 1993-94 to 1998-99 aggregating Rs.3914.6...
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