2011 (4) TMI 1408

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..... by the CIT(A) on 26.02.2010 in relation to assessment year 2001-2002. 2. Briefly stated the facts of the case are that the return in this case was filed declaring total income of ₹ 1,09,366 assessment of which was done u/s 143(1) of the Act. Thereafter notice u/s.148 was issued on the ground that the assessee had entered into transactions with M/s.BLR India Private Limited amounting to &# .....

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..... to uphold the assessment order. 3. We have heard the rival submissions and perused the relevant material on record. It is noticed that the reassessment was initiated by way of notice u/s 148 for the reason that the provisions of section 2(22)(e) of the Act were applicable. However no addition on that issue was made as he got satisfied with the submissions made on behalf of the assessee on that .....

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