ITO WD -2(1), JAMSHEDPUR vs. M/S OM DAYAL INGOTS &STEEL CO. PVT LTD , JAMSHEDPUR

In the result, application u/s 27 filed by the assessee is allowed and both the appeals of the revenue are dismissed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

151 of the Act which in considered view is not a procedural matter but certainly goes to the root of the re- AYs: 2008-09 & 2009-10 M/s Om Dayal Ingots & Steel co. Pvt. Ltd. opening of assessment. Accordingly we hold the proceedings as invalidly initiated and accordingly the re-assessment proceedings as well as consequent order are quashed. Ground

ITO WARD-2(1), JAMSHEDPUR vs. M/S OM DAYAL INGOTS&STEEL CO. PVT LTD , JAMSHEDPUR

In the result, application u/s 27 filed by the assessee is allowed and both the appeals of the revenue are dismissed