Reassessment valid if income is inflated to claim higher deduction u/s. 80IA

HIGH COURT OF GUJARAT Sun Pharmaceutical Industries Ltd. versus Deputy Commissioner of Income-tax SPECIAL CIVIL APPLICATION NO. 652 OF 2005 AUGUST 6, 2012 JUDGMENT 1. Petitioner has challenged notice dated 25.2.2004 issued by respondent, Deputy Commissioner of Income Tax under section 148 of the Income Tax Ac, 1961 (‘the Act’ for short) by which he seeks to reopen the assessment of the petitioner for the assessment year 1999-2000. 2. The petition arises in following factual background. The petitioner is a company registered under the Companies Act and is regularly ...