Ganga Saran & Sons (P.) Ganga Saran & Sons (P.) Ltd. v. ITO

6 Taxmann 14Supreme Court of India1981#4472 most cited

What is Ganga Saran & Sons (P.) Ganga Saran & Sons (P.) Ltd. v. ITO authority for?

The expression 'reason to believe' in Section 147 requires a stronger basis than 'is satisfied' and must be recorded before reopening an assessment, especially after four years. If an original assessment was made under section 143(3), the first proviso to section 147 restricts reopening after four years from the end of the relevant assessment year.

27

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2018 to 2025.

Also referred to as

Ganga Saran & Sons · Section 147 · reason to believe · stronger than satisfied · assessment beyond four years · first proviso section 147 · material facts · reassessment procedure · Section 143(3) assessment

Also reported as

131 ITR 1

Sections most often in play

Section 133ASection 139Section 142(1)Section 143(2)Section 143(3)Section 147Section 148Section 143(1)

Issues it is cited on

fresh tangible materialfirst proviso to section 147beyond four yearsmaterial facts necessary for assessmentshort term capital gainskelvinatormere change of opinionlive linkshort term capital gainchange of opiniontangible materialregular assessment

Judgments citing Ganga Saran & Sons (P.) Ganga Saran & Sons (P.) Ltd. v. ITO

M. NATESAN,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2765/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

R.EASWARAMOORTHY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2697/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

S. EASWARAMOORTHY,KARUR vs. ITO, WARD-1,, KARUR

ITA 2696/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14
Section 133A

…{ "clean_text": "आयकर अपीलीय अधिकरण, 'सी' न्यायपीठ, चेन्नई।\nIN THE INCOME TAX APPELLATE TRIBUNAL'C' BENCH: CHENΝΑΙ\nश्री एबी टी. वर्की, न्यायिक सदस्य एवं श्री जगदीश, लेख सदस्य के समक्ष\nBEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI JAGADISH, ACCOUNTANT MEMBER\n\nITA Nos.\n2584/CHNY/2024\n2585/CHNY/2024\n2586/CHNY/2024\n2587/CHNY/2024\n2588/CHNY/2024\n2589/CHNY/2024\n2590/CHNY/2024\n2591/CHNY/2024\n2685/CHNY/2024\n2686/CHNY/2024\n2687/CHNY/2024\n2688/CHNY/2024\n2689/CHNY/2024\n2690/CHNY/2024\n2691/CHNY/2024\n2692/CHNY/2024\n2693/CHNY/2024\n2694/CHNY/2024\n2695/CHNY/2024\n2696/CHNY/2024\n2697/CHNY/2024\n2…

S. EASWARAMOORTHY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2695/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

K. PARAMASIVAM,KARUR vs. ITO, WARD-1, KARUR

ITA 2694/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

Section 133A

…आयकर अपीलीय अधिकरण, 'सी' न्यायपीठ, चेन्नई। IN THE INCOME TAX APPELLATE TRIBUNAL'C' BENCH: CHENΝΑΙ श्री एबी टी. वर्की, न्यायिक सदस्य एवं श्री जगदीश, लेख सदस्य के समक्ष BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Assessment year Appellant Respondent 1341/CHNY/2024 2012-13 Shri Nochipalayam Kaliappan Kandasamy, 19/A1, Neelam Garden Apts., Chinna Kothur, Karur - 639 002. The ACIT, Circle 2(1), Trichy. 2584/CHNY/2024 2012-13 PAN: AAHPK 7003Q Shri S.Aravind, S.F.No.146, OthaiyoorRaod, T.ChellandiPalayam, Karur 639 003. The Income Tax Officer, Ward - 1, Karur. 2585/CHNY/2024…

K. PARAMASIVAM,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2693/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

K. BASKAR,KARUR vs. ITO, WARD-1, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2692/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

K. BASKAR,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2691/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

K. SADASIVAM,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2690/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

P. NALLUSAMY,KARUR vs. ITO, WARD-1, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2687/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

K. KATHIRVEL,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2686/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

P. KARUNANITHI,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2685/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

RAMASAMY PALANISAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2591/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

RAMASAMY PALANISAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2590/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

PALANISAMY GOUNDER LOGANATHAN,KARUR vs. ITO, WARD-1,, KARUR

ITA 2589/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अधिकरण, 'सी' न्यायपीठ, चेन्नई। IN THE INCOME TAX APPELLATE TRIBUNAL'C' BENCH: CHENNAI श्री एबी टी. वर्की, न्यायिक सदस्य एवं श्री जगदीश, लेख सदस्य के समक्ष BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER | ITA Nos. | Assessment year | Appellant | |---|---|---| | 1341/CHNY/2024 | 2012-13 | Shri Nochipalayam Kaliappan Kandasamy, 19/A1, Neelam Garden Apts., Chinna Kothur, Karur - 639 002. PAN: AAHPK 7003Q | Respondent | |---|---| | The ACIT, Circle 2(1), Trichy. | | 2584/CHNY/2024 | 2012-13 | Shri S.Aravind, S.F.No.146, OthaiyoorRaod, T.ChellandiPalayam, Karur 639 003. | T…

M. VELUSAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2587/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

M. VELUSAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2586/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

S. ARAVIND,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2584/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

…आयकर अपीलीय अिधकरण, ‘सी’ "ायपीठ,चे"ई। IN THE INCOME TAX APPELLATE TRIBUNAL‘C’ BENCH: CHENNAI "ी एबी टी. वक", "ाियक सद" एवं "ी जगदीश, लेखा सद" के सम$ BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA Nos. Appellant Respondent Assessment year 1341/CHNY/2024 2012-13 Shri Nochipalayam The ACIT, Kaliappan Kandasamy, Circle 2(1), 19/A1, Neelam Garden Apts., Trichy. Chinna Kothur, Karur – 639 002. PAN: AAHPK 7003Q 2584/CHNY/2024 2012-13 Shri S.Aravind, The Income Tax S.F.No.146, OthaiyoorRaod, Officer, T.ChellandiPalayam, Ward – 1, 2585/CHNY/2024 2013-14 Karur – 639 003. Karur. PAN: A…

PURUSHOTTAMLAL SINGHANIA,KOLKATA vs. ITO, WARD 36(5), KOLKATA

In the result, the appeal filed by the assessee is allowed

ITA 731/KOL/2024[2012-13]Status: DisposedITAT Kolkata10 Dec 2024AY 2012-13

Bench: Shri Rajesh Kumar&Shri Pradip Kumar Choubey]

Section 147Section 148

…आयकर अपील"य अ"धकरण, कोलकाता पीठ “सी’’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH: KOLKATA "ी राजेश कुमार, लेखा सट"य एवं "ी "द"प कुमार चौबे, "या"यक सद"य के सम" [Before Shri Rajesh Kumar, Accountant Member &Shri Pradip Kumar Choubey, Judicial Member] I.T.A. No. 731/Kol/2024 Assessment Year: 2012-13 Purushottamlal Singhania Vs. ITO, Ward-36(5), Kolkata (PAN: AMCPS 4184 P) ( अपीलाथ" ) Respondent / ""यथ" Appellant / Date of Hearing / सुनवाई 23.09.2024 क" "त"थ Date of Pronouncement/ 10.12.2024 आदेश उ"घोषणा क" "त"थ For the assessee / Shri Siddharth Agarwal, Advocate "नधा"रती क" ओर से For the revenue /…

ACIT, CENTRAL CIRCLE - 4(3), KOLKATA vs. M/S. GRD COMMODITIES LTD., , KOLKATA

In the result, the appeals of the Revenue are dismissed and the cross objections of assessee are allowed

ITA 2277/KOL/2018[2014-15]Status: DisposedITAT Kolkata04 Dec 2020AY 2014-15

Bench: Shri P.M. Jagtap(Kz) &Shri A. T. Varkey, Jm] It(Ss)A Nos.120 To123/Kol/2018 Assessment Years: 2009-10 To 2012-13

Section 132Section 133ASection 143Section 143(3)Section 147Section 148Section 153A

…t has resulted from nondisclosure of material facts, must co-exist before the Income-tax Officer has jurisdiction to start proceedings after the expiry of four years. The Hon’ble Supreme Court in the case of M/s. Ganga Saran &Sons Pvt. Ltd Vs. ITO reported in 131 ITR 1 (SC) further held that, the expression “ reason to believe” occurring in Section 147 is stronger than the expression “is satisfied” and this legal requirement has to be met in the reasons recorded before re-opening. The Hon’ble Court held that it has to be kept in mind that if an assessment (original assessment) has been made u/s. 143(3), the provi…

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