COMMISSIONER OF INCOME TAX (IT & TP) vs. M/S. DONGFANG ELECTRIC CORPORATION
ITAT/66/2018HC Calcutta09 Jul 2021
Bench: : The Hon’Ble Justice Surya Prakash Kesarwani
Section 132(1)Section 132(4)Section 133ASection 139Section 153ASection 271(1)(c)Section 274
150/-. After the search and
seizure operations on 23.11.2006 and pursuant to the notice dated
26.02.2009
under
Section
153A
of
the
Act,
1961,
the
respondent/assessee filed return of income for the assessment year
2007-08
on
31.03.2009
declaring
total
income
of
Rs.138,39,05,410/-. Thus, the Explanation-5A creating a deeming
clause of “concealment of particulars of income
