2012 (9) TMI 1002 - HC - Income Tax

Summary

The High Court of Delhi ruled in favor of the petitioner, who was aggrieved by the Assessing Officer's order for the Assessment Year 2005-06. The court directed that the concessions under the sanctioned scheme dated 14.01.2003, clarified by the BIFR's order dated 07.08.2006, must be considered. The respondents agreed to reevaluate the demand raised and keep it in abeyance while considering the concessions. The petition was disposed of accordingly.