Reassessment on the basis of information received under treaty is valid

HIGH COURT OF DELHI Mitsui & Company India (P.) Ltd. versus Income-tax Officer WP(C) NO. 1121 OF 2012 AND CM NO. 2447 OF 2012 September 26, 2012 ORDER R.V. Easwar, J.  This writ petition has been filed in the following circumstances. The petitioner is a private limited company. It filed its return of income for the assessment year 2006-07 on 30th November, 2006 declaring a total income of Rs. 12.01 crores. The return was processed under Section 143(1) of the Income Tax Act, 1961 (‘Act’ for short) and it was accepted without any adjustment. On 28th March, 2011 ...