ADDL CIT LTU, MUMBAI vs. THE SHIPPING CORPORATION OF INDIA LTD, MUMBAI
In the result the appeal filed by the Revenue is dismissed
ITA 2129/MUM/2012[2006-07]Status: DisposedITAT Mumbai29 Nov 2019AY 2006-07
Bench: Shri Mahavir Singh & Shri Waseem Ahmedआयकर अपील सं./Ita Nos.2551&2129/Mum/2012 नििाारण वर्ा/Asstt. Year:2006-07 The Shipping Corporation Of Additional Commissioner India Ltd. Vs. Of Income Tax Ltu Shipping House, 10Th Floor, 245, 29Th Floor, World Trade Madam Cama Road, Nariman Centre, Colaba, Mumbai- Point, Mumbai-400021 400006 Pan: Aaa Ct1 524 F Assistant Commissioner Of The Shipping Corporation Income Tax Ltu Of India Ltd. Centre-I, 28Th Floor, World Trade Shipping House, 10Th Centre, Cuffe Parade, Mumbai- Floor, 245, Madam Cama 400005 Road, Nariman Point, Mumbai-400021 Pan: Aaa Ct1 524 F
For Respondent: Shri R. Manjunatha Swamy
Section 11Section 143(1)Section 143(2)Section 143(3)Section 147Section 234D
u/s 14A there was omission and failure on its
ITA nos.2551&2129/MUM/2012
Asstt. Years 2006-07
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part to disclose fully and truly material facts and hence reopening of assessment was justified.
Bombay High Court in the case of Devi Electronics Pvt. Ltd. vs. ITO reported in 2017-TOIL-92-HC-MUM-IT has observed as under:
the likelihood
