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1 result for “reassessment”+ Section 3(1)clear

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Key Topics

Section 260A2

PRINCIPAL COMMISSIONER OF INCOME TAX II vs. M/S TRANS ASIA CORPORATION LTD.

Appeal is allowed

ITA/58/2019HC Madhya Pradesh05 Dec 2019
Section 143(2)Section 147Section 148Section 260A

3. The facts, in brief, are that the respondent-assessee, which is a Limited Company engaged in the business of trading coil sheet and oil filed Income Tax return on 31.10.2007 declaring the income of Rs.10,21,802/- for the assessment year 2007-08. Initially assessment under Section 143(2) of the Act was made at a total income