Allowing the petition the Court held that, inaccurate information of shareholdings shown in notice and illogical conclusions .Accordingly the reassessment is held to be bad in law . ( AY.2010-11)
Kolahai Infotech Pvt. Ltd v . ITO (2018) 409 ITR 595 (Delhi)(HC)
S.147:Reassessment —With in four years -Survey -Related company-Inaccurate information of shareholdings shown in notice and illogical conclusions — Reassessment is held to be bad in law .[ S.133A, 148 ]