Reassessment invalid on failure of AO to take note of information furnished during assessment

IN THE ITAT CHENNAI BENCH ‘C’ Deputy Commissioner of Income-tax (LTU) Versus Hyundai Motor India Ltd. IT Appeal Nos. 1987 & 1988 (Mds.) of 2011 C.O. No. 43 (Mds.) of 2012 [ASSESSMENT YEARS 2004-05 & 2005-06] SEPTEMBER  25, 2012 ORDER Vikas Awasthy, Judicial Member The present appeals, i.e., I. T. A. No. 1987/Mds/2011 relevant to the assessment year 2004-05 and I. T. A. No. 1988/Mds/2011 relevant to the assessment year 2005-06 have been filed by the Department impugning two separate orders of the Commissioner of Income-tax (Appeals), LTU, dated September 2...