Court held that a fresh a fresh assessment is required to be made by Assessing Officer based on records instead of notional allocation of amounts received by S. Mohandchand Dadha Group (SMD Group). (BP-1-4-1988 to 15-12-1988)
CIT v. Dadha Pharma (P.) Ltd. (2023) 333 CTR 130 /225 DTR 329 /153 taxmann.com 106 (Mad)(HC) CIT v. S. Mohanchand Dadha ( Indl) (2023) 333 CTR 130 /225 DTR 329 /153 taxmann.com 106 (Mad)(HC)
S. 158BC : Block assessment-Unexplained money-Shares-Undisclosed income –Amalgamation of companies-Joint venture-Matter remanded to the Assessing Officer to make fresh assessment based on records.[S.47(vi), 69C. 158BB)