Case Law Details
Case Name : ACIT Vs SMC Power Generation Ltd. (ITAT Delhi)
Related Assessment Year : 2007-08
Courts :
All ITAT ITAT Delhi
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ACIT Vs SMC Power Generation Ltd. (ITAT Delhi)
ITAT held that assessment was earlier completed u/s 143(3) wherein the share capital had been scrutinized and accepted by the revenue, holding the same share capital as unexplained in the present reassessment u/s 153A tantamounts to change of opinion not backed by any evidence and, therefore, not legally sustainable.
FULL TEXT OF THE ITAT JUDGEMENT
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