The Commissioner of Icome v. M/S Sakthi Sugar Ltd.
Case brief
What is this about?
Madras HC T.C.A.No.540 of 2013 (decided 08.12.2025; bench Dr. Justice Anita Sumanth & Justice Mummineni Sudheer Kumar; neutral citation 2025:MHC:2867); Revenue appeal u/s 260A against ITAT Madras 'C' Bench order 11.05.2012 (I.T.A.No.1806/Mds/2010), AY 2002-2003, assessee M/s.Sakthi Sugars Ltd; Section 147/Section 148 re-opening near expiry of six-year outer limit; failure to disclose fully and truly all material facts; proviso to s.147; reassessment solely on change of opinion; limitation; CIT v. Foramer France 264 ITR 566 SC; CIT v. Elgi Ultra Industries 296 ITR 73 (Mad); Foramer France v. CIT 247 ITR 436; question of law answered in favour of assessee; appeal dismissed, no costs.
What did the court decide?
No relief to the Revenue: appeal dismissed, substantial question of law answered in favour of the assessee (upholding the Tribunal's order), no costs awarded.