Financial Software & Systems (P) Ltd. v. Dy.CIT (2021) 283 Taxman 165 /(2022) 218 DTR 497/ 329 CTR 44/ 447 ITR 352 (Mad.)(HC)

S. 147: Reassessment-Within four years-Issue of share expenses-Reassessment notice was held to be valid. [S. 148, Art. 226]

The objection of the asseessee was rejected by the Assessing Officer. On writ dismissing the petition the Court held that even though reasons for rejection of objections might not be acceptable to assessee, it had to proceed with impugned reassessment proceedings. Writ was dismissed.  (AY. 2010-11)