2011 (7) TMI 275 - SCH - Income Tax

Re-opening of assessment held to be justified - it would be open for the assessee to raise all contentions with regard to the amount of Rs. 98.46 lakhs being offered for tax as well as it s contention on Section 14A of the Income Tax Act 1961

Summary

The Supreme Court of India in 2011 (7) TMI 275 - SC upheld the re-opening of assessment in a case. The assessee can raise contentions on the amount offered for tax and Section 14A of the Income Tax Act, 1961. The special leave petition was dismissed.