Held that while completing assessment under section 143(3) the Assessing Officer had duly verified details in regard to same and no new material came to knowledge of Assessing Officer subsequent to original assessment proceedings, entire proceedings being void-ab-initio were to be quashed. (AY. 2009-10)
Bharat Electronics Ltd. v. ACIT, LTU (2023) 203 ITD 532 (Bang) (Trib.)
S. 147 : Reassessment-With in four years-Change of opinion-Scientific research expenditure-No new material-Reassessment is quashed.[S. 35(2AB), 143(3), 148]