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In the result, appeal filed by Revenue for ay: 2007-08 is allowed for statistical purposes
Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar
147 r.w. Section 148 of the Act and statutory notices were issued by Revenue from Bharat Pumps & Compressors Ltd. Assessment Years: 2005-06 & 2007-08 time to time during the course of reassessment proceedings . The Revenue also furnished to the assessee reasons recorded for reopening of the concluded assessment . The assessee was asked to furnish return of income in response