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Showing contexts for: mtnl in Mtnl vs The Chairman, Central Board Of Direct ... on 24 August, 2000Matching Fragments
1. Notice issued under Section 148 of the Income-tax Act, 1961 (in short, the Act) is challenged by the Mahanagar Telephone Nigam Limited (in short, MTNL) on the purported ground that there was no under-assessment of income or escapement of income requiring re-assessment and the impugned notice which was issued on the basis of mere change of opinion about allowability or otherwise of an expenditure is invalid, inoperative and unsustainable.
2. Factual position in a nutshell, as stated by the petitioner, is as follows:-