# M/S. INDUSIND MEDIA AND COMMUNICATIONS LTD vs THE ASSISTANT COMMISSIONER OF INCOME TAX 11(1)

Court: Bombay High Court
Date: 2025-02-20
Citation: WP/649/2013
Petitioner: M/S. INDUSIND MEDIA AND COMMUNICATIONS LTD
Respondent: THE ASSISTANT COMMISSIONER OF INCOME TAX 11(1)

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6IjNnSjVHaHdpUnAvdytEOXplWklYRkE9PSIsInZhbHVlIjoiOEo4elJPWmVnQjNCMW9NK016bStuT2NjWEhUSjArVW1INmMzeUo2d0FEemZOaGtSclF1cWJ1RGU4REcxcENSWjg1RHREMVplaStXa282cUYrZ2Z0TkE9PSIsIm1hYyI6ImZkYWIyZTZjMzIyMTc0YTk5ZGQyNjU5ZWIxYzIxZGFlY2FjNjU0NDc0Y2IyYzg4ZGNjZDAyYjQ0MDgxNDk4NzYiLCJ0YWciOiIifQ==?expires=1782777525&signature=4389879393eaee9b1a3cb224d0841711809d301e651877f2d824172095f64495)

## Judgment text (excerpt)

902.WP-649.13(J).DOCX ppn IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION 400093. …Petitioner Versus The Assistant Commissioner of Income Tax 11(1) Aayakar Bhavan, M.K.Road, Mumbai-400020. …Respondent ______________________________________________________ Mr Mihir Naniwadekar a/w Ruturaj Gurjar, for Petitioner. Mr Suresh Kumar, for Respondent. ______________________________________________________ CORAM: M.S. Sonak & Jitendra Jain, JJ. DATE : 20 February 2025 JUDGMENT (Per Jitendra Jain, J.):- 1. This petition, under Article 226 of the Constitution of India, challenges a notice under Section 148 of the Income Tax Act, 1961 (‘the Act’) dated 30 March 2012 for assessment year 2007-08. Rule and interim relief were granted on 23 June 2014. Brief Facts : - 2. The petitioner filed its return of income on 29 October 2007, which return was revised on 31 March 2009. In the revised computation of income, the petitioner claimed as 902.WP-649.13(J).DOCX deduction an amount of Rs.69,88,37,464/- being Inventories, Sundry Debtors, Loans & Advances and Cost of Set Top Boxes written off against the Share Premium pursuant to amalgamation scheme approved by the High Cou

https://niyam.ai/judgements/high-court/2025/february/m-s-indusind-media-and-communications-ltd-vs-the-assistant-commissioner-of-income-tax-11-1