ACIT, ERNAKULAM vs. APPOLO TYRES LTD, COCHIN

In the result, the Revenue’s appeals as well as the Assessee’s COs, are allowed

Bench: Shri Sanjay Arora & Shri Manomohan Das

reassessment where the same is sought to be initiated beyond 4 years of the relevant assessment year. It would be, to our mind, wholly incorrect to, in determining true and full disclosure, be guided by and, in any case, guided solely by the procedure prescribed by the relevant deduction provision, being s. 35(2AB) r/w r. 6 in the instant

ACIT, ERNAKULAM vs. APPOLO TYRES LTD, COCHIN

In the result, the Revenue’s appeals as well as the Assessee’s COs, are allowed