PRINCIPAL COMNR. OF INCOME TAX, SAMBALPUR RANGE vs. M/S. TATA SPONGE IRON LTD.

Bench: MR. JUSTICE ARINDAM SINHA,MR. JUSTICE SANJAY KUMAR MISHRA

reassessment would have to be founded on justiciable grounds was an aspect which was also duly highlighted by the Supreme Court in Tata Chemicals Ltd. vs. Commr. of Customs11 when it had observed: ―14. In our opinion, the expression ―deems it necessary‖ obviously means that the proper officer must have good reason to subject imported goods to a chemical