Ankit Aqrochem (P.) Ltd. v. JCIT Rajasthan High Court

89 Taxmann.com 45High Court2018#2255 most cited

What is Ankit Aqrochem (P.) Ltd. v. JCIT Rajasthan High Court authority for?

An assessee cannot object to reassessment proceedings by demanding the source of information that led the Assessing Officer to believe that income had escaped assessment. Reassessment is justified when based on information from authorities like the Director of Income Tax (DIT) about bogus accommodation entries.

51

judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2018 to 2026.

Also referred to as

Ankit Aqrochem · reassessment · section 147 · section 148 · DIT information · bogus accommodation entries · share application money · source of information · escaped assessment

Issues it is cited on

Judgments citing Ankit Aqrochem (P.) Ltd. v. JCIT Rajasthan High Court

Vilson Roofing Products Private Limited, Kolhapur vs. The Assistant Commissioner of Income Tax, Central Circle, Kolhapur

The appeal of the assessee is DISMISSED

ITA 956/PUN/2023[2009-10]Status: DisposedITAT Pune12 Dec 2023AY 2009-10

Bench: Shri Partha Sarathi Chaudhury & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita No. 956/Pun/2023 निर्धारण वर्ा / Assessment Year : 2009-10 Vilson Roofing Products Pvt. Ltd., 1St Lane, Opp. Prataprao Jagdale Hall, Rajarampuri, Kolhapur, Pin – 416 008 . . . . . . . अपऩलधथी / Appellant Pan: Aaccv0661M

For Appellant: Mr Sharad Vaze [‘Ld. AR’]For Respondent: Mr M G Jasnani [‘Ld. DR’]
Section 143(3)Section 147Section 148Section 250Section 253(1)(a)Section 68

…॥ आयकर अपीलीय न्यायाधिकरण, पुणे “बी” न्यायपीठ, पुणे में ॥ IN THE INCOME TAX APPELLATE TRIBUNAL, PUNE “B” BENCH, PUNE BEFORE SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER AND SHRI G. D. PADMAHSHALI, ACCOUNTANT MEMBER आयकर अपऩल सं. / ITA No. 956/PUN/2023 निर्धारण वर्ा / Assessment Year : 2009-10 Vilson Roofing Products Pvt. Ltd., 1st Lane, Opp. Prataprao Jagdale Hall, Rajarampuri, Kolhapur, Pin – 416 008 . . . . . . . अपऩलधथी / Appellant PAN: AACCV0661M बनाम / V/s Asstt. Commissioner of Income Tax, . . . . . . . प्रत्यथी / Respondent Central Circle, Kolhapur द्वारा / Appearances Assessee by : Mr Sharad Vaze [‘Ld…

Ankit Aqrochem (P.) Ltd. v. JCIT Rajasthan High Court (89 Taxmann.com 45) — Cited in 51 Judgments | BharatTax