M/S. SAMRIDDHI CORPORATION,,SURAT vs. THE DY.CIT., CIRCLE-1(2),, SURAT
In the result, cross appeals of Revenue as well as Assessee are dismissed
ITA 3035/AHD/2016[2009-10]Status: DisposedITAT Surat17 Jul 2019AY 2009-10
Bench: Shri H.S. Sidhu & Shri O.P. Meenaassessment Year: 2009-10 Samruddhi Corporation, Vs. The Deputy Commissioner Of Megh Dhwani Complex, Income Tax, Circle-1(2), City Light Road, Surat – 395007. Surat. [Pan: Aaofm 5334 M] (Appellant) (Respondent) Assessment Year: 2009-10 The Deputy Commissioner Of Income Vs. Samruddhi Corporation, Tax, Circle-1(2), Surat. Megh Dhwani Complex, City Light Road, Surat – 395007. [Pan: Aaofm 5334 M] (Appellant) (Respondent)
Section 1Section 139(1)Section 143(2)Section 143(3)Section 147Section 148
u/s 40A(3) of the Act. The provisions of section 147 have undergone a drastic change since 01.04.89. The leading case on this issue is that of Indian & Eastern Newspaper Society, 119 ITR 996 wherein, the Hon'ble Supreme Court held that the opinion of the Internal Audit Party on a point of law could not be regarded as "information
