Shah Commission report couldn’t be basis for re-opening of assessment: Bombay HC

INCOME TAX : Merely on basis of Shah Commission's Report opining that there was under-invoicing of export price by iron-ore miners and exporters, reassessment could not be initiated when there was nothing to indicate that any particular income had accrued to anyone as a result of price difference

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000189531/shah-commission-report-couldn’t-be-basis-for-re-opening-of-assessment-bombay-hc.aspx