HC justified reopening of assessment as SUN TV received excess share premium not disclosed in ITR

IT: Completed assessments were sought to be reopened after a lapse of six years on ground that there were some materials on record and informations with Department that assessee had received money from company SAEHL in name of share subscription along with share premium of Rs.203.98 crores; that assessee had allotted shares to Kalanithi Maran and his wife only at Rs.10 per share without any premium;

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