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

Appeal is allowed

35,790/- but subsequently, the Assessing Officer found that the assessee failed to disclose full and true material facts for assessment. Accordingly, notice under Section 148 and also under Sections 143(2) and 142(1) of the Act were issued and served upon the assessee. On 30.03.2015, on reassessment