Dismissing the writ petition the Court held that the reasons for reopening of assessment under section 147 of the Act, were different. The notice of reassessment was valid. (AY.2011-12)
DRS Industries Pvt. Ltd. v. Dy.CIT (NO. 1) (2021) 437 ITR 673/ 205 DTR 63/ 322 CTR 295 (Mad.)(HC)
S. 147 : Reassessment-With in four years-Reasons for notice were different from issues concluded during original assessment-Notice was held to be valid. [S. 143(3),148, Art. 226]