COMMISSIONER OF INCOME TAX -II, GUWAHATI vs. M/S. ARIHANT INTERNATIONAL LIMITED , GUWAHATI
In the result, the appeal filed by the Revenue is dismissed
ITA 275/GTY/2018[2009-10]Status: DisposedITAT Guwahati19 Oct 2022AY 2009-10
Bench: Dr. Manish Borad & Sri Sonjoy Sarma
Section 143(2)Section 143(3)Section 147Section 148Section 250Section 43(5)Section 73
purchase of derivatives into the ambit of explanation to Section 73 of the Act.” Further, ld.
CIT(A) held that the re-assessment order framed for AY 2009-10 is merely on the basis of change of opinion and the said proceedings were carried out by completely relying on the previous assessment orders for other assessment years
