Re-Opening not allowed for issue Investigated during original assessment

NuPower Renewables Pvt. Ltd. Vs ACIT (Bombay High Court)

FACTS –

Assessee for AY 2011-12 filed ROI declaring loss of INR 5.97 Crore, thereafter filed revised return declaring loss of INR 6.45 Crore. Assessee received INR 49,90,48,000 from M/s. Firstland, Mauritius being subscription towards compulsory convertible cumulative preference shares.

AO issued notice u/s 142 (1) on 02.08.2013 asking for various details including copy of balanc

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