THE COMMISSIONER OF INCOME TAX-III, vs. M/S Sigachi Laboratories Ltd.,

The appeals are allowed in the above terms

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

reassessment of the proceedings under the said provision was not satisfied? 2. The necessary facts in this case are that the assessee (M/s Jindal GTA 1/2005, 2/2006 & 3/2007 Page 2 of 4 Equipment Leasing & Consultancy Services Ltd) held shares in Jindal Strips Limited (JSL). Similarly, Stainless Investments Ltd. and Mansarovar Investment Ltd (the appellants in GTA 2/2006 and GTA 3/2007

The Commissioner of Income Tax IV vs. M/s Lee Pharma Pvt Ltd.,

reassessment as null and void? 2. Whether on the facts and in the circumstances of the case and in law, the Tribunal is correct in holding that reopening of assessment is bad in law without going into the merits of the case, that the assessment was reopened on account of excessive deduction under Section 80HHC of the Income