Decision taken by authorities in previous year would not estop or operate as res judicata for subsequent year, so was held by the Income Tax Appellate Tribunal (ITAT), Ahmedabad. The assessee, M/s. S.P. Chips Potato Pvt. Ltd. filed its return of income for assessment year 2014-15 declaring total income of ₹ 25,31,420/-. The assessment u/s…
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