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6 results for “reassessment”+ Section 239clear

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Key Topics

Section 26314Section 1478Section 143(3)5Addition to Income5Section 1324Revision u/s 2634Section 153A3Section 1483Reassessment3

RAJIV AMRITLAL PATEL,AHMEDABAD vs. THE DCIT, CENTRAL CIRCLE-2(4), AHMEDABAD

In the result, the appeal filed by the assessee in ITA No

ITA 280/AHD/2023[2013-14]Status: DisposedITAT Ahmedabad20 Mar 2024AY 2013-14

Bench: Shri Waseem Ahmed (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 132Section 132(4)Section 139(1)Section 147Section 153A

reassess' to completed assessment proceedings. vi. Insofar as pending assessments are concerned, the jurisdiction to make the original assessment and the assessment under section 153A merges into one. Only one assessment shall be made separately for each AY on the basis of the findings of the search and any other material existing or brought on the record

LALITABEN DIPAKBHAI MODH,SURAT vs. PCIT-3, AHMEDABAD, AHMEDABAD

Section 139(1)2
Section 562
Bogus/Accommodation Entry2

In the result, the appeal filed by the Assessee is hereby allowed

ITA 715/AHD/2024[2013-14]Status: DisposedITAT Ahmedabad31 Dec 2024AY 2013-14

Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)

Section 139(1)Section 147Section 148Section 271F

239 CTR 0183 (Bom.) respectively. Accordingly, your action proposing to make the other addition in the notice issued u/s. 263 of Rs. 5,90,69,467/- is not in accordance with the law. 9. Even otherwise, as the notice u/s. 148 was wrongly issued and therefore the reassessment proceedings are not valid. This is because I.T.A No. 715/Ahd/2024

SHRI BHANVARLAL CHAMPALAL KANUGA,UNJHA vs. THE PR. CIT-3, AHMEABAD

In the result, the appeal filed by the Assessee is hereby dismissed

ITA 95/AHD/2022[2017-18]Status: DisposedITAT Ahmedabad23 Aug 2024AY 2017-18

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.95/Ahd/2022 "नधा"रण वष" /Assessment Year : 2017-18 Shri Bhanvarlal Champalal The Principal Cit बनाम/ Kanuga Range-3 C/O. Ketan H. Shah, Advocate Pratyakash Kar Bhavan V/S. 512, Times Square – I Ahmedabad Opp. Ram Baug Bungalows Nr. Ravija Plaza Thaltej-Shilaj Road Ahmedabad – 380 059. (Gujarat) "थायी लेखा सं./Pan: Acmpk 0172 H अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Ketan H. Shah, Ar & Shri Aman Shah, Ar Revenue By : Shri Pushpendra Singh Chaudhary, Cit-Dr सुनवाई क" तार"ख/Date Of Hearing : 07/08/2024 घोषणा क" तार"ख /Date Of Pronouncement: 23/08/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am: This Appeal Is Filed By The Assessee As Against The Order Dated 29/03/2022 Passed By The Principal Commissioner Of Income Tax-3, Ahmedabad [Hereinafter Referred To As “Pcit(A)” In Short] In Exercise Of The Shri Bhanvarlal Champalal Kanuga Vs. Pr.Cit-3 Asst. Year : 2017-18

For Appellant: Shri Ketan H. Shah, AR &For Respondent: Shri Pushpendra Singh
Section 143(1)Section 143(3)Section 263

239, it is said that the proceeding is itself bad in law and void and therefore, liable to be quashed. 1. That Ld. Pr. CIT has erred in relying upon Explanation 2 first time in the body of the order at page 20, para13 and therefore, since no hearing was given in this regard and therefore, the whole proceedings

INCOME TAX OFFICER, WARD-3(1)(1), AHMEDABAD, VEJALPUR vs. NANA LAYJA POWER COMPANY LIMITED, AHMEDABAD

In the result, the appeal of the Revenue stands dismissed

ITA 1457/AHD/2024[2014-15]Status: DisposedITAT Ahmedabad12 Nov 2024AY 2014-15

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.1457/Ahd/2024 िनधा"रण वष" /Assessment Year : 2014-15 The Income Tax Officer Nanalayja Power Company Ltd. बनाम/ Ward-3(1)(1) 301-303, Kaivanna Complex V/S. Ahmedabad Panchwati, Ahmedabad - 380 006 (Gujarat) "थायी लेखा सं./Pan: Aadcn 45111 F अपीलाथ&/ (Appellant) '( यथ&/ (Respondent) Assessee By : -None- Revenue By : Shri Surendra Kumar, Sr.Dr सुनवाई की तारीख/Date Of Hearing : 11/11/2024 घोषणा की तारीख /Date Of Pronouncement: 12/11/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am: This Appeal By The Revenue Arises From The Order Of The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac) [Hereinafter Referred To As “Cit(A)”], Dated 11/06/2024, For The Assessment Year (Ay) 2014-15, Wherein The Cit(A) Deleted The Addition Of Rs.1,17,75,568/- Made By The Assessing Officer [Hereinafter Referred To As “Ao”] U/S.56 Of The Act In The Assessment Order Passed Under Section 143(3) R.W.S. 147 Of The Income Tax Act, 1961 [Hereinafter Referred To As “The Act”], Dated 27/11/2019. Ito Vs. Nana Layja Power Company Ltd. Asst. Year : 2014-15

For Appellant: -None-For Respondent: Shri Surendra Kumar, Sr.DR
Section 143(3)Section 147Section 56

Section 147 of the Act on the grounds that interest income of Rs.1,17,75,568/-, earned on temporarily parked project funds, had escaped assessment. During the reassessment proceedings, the AO concluded that this interest income was liable to tax under the head "Income from Other Sources," relying on the principles laid down in the case of Tuticorin Alkali Chemicals

AMRUTA FABRICS PVT. LTD.,AHMEDABAD vs. THE PCIT, AHMEDABAD-1, AHMEDABAD

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

ITA 1110/AHD/2024[2013-14]Status: DisposedITAT Ahmedabad21 Oct 2024AY 2013-14

Bench: Ms. Suchitra Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1110, 1111 & 1112/Ahd/2024 (िनधा"रण वष" / Assessment Years : 2013-14, 2014-15 & 2017-18) बनाम/ Amruta Fabrics Pvt. Ltd. The Pr. Cit 199, New Cloth Market, Ahmedabad-1 Vs. Opp. Raipur Darwaja, Sarangpur, Ahmedabad, Gujarat, 380002 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaica0877A (Appellant) .. (Respondent) अपीलाथ" ओर से /Appellant By : Ms. Astha Maniar, A.R. ""यथ" क" ओर से/Respondent By : Shri Sudhendu Das, Cit. Dr 18/09/2024 Date Of Hearing Date Of Pronouncement 21/10/2024

For Appellant: Ms. Astha Maniar, A.RFor Respondent: Shri Sudhendu Das, CIT. DR
Section 132Section 143(3)Section 147Section 148Section 263

reassessment proceedings 3.2 The Ld. PCIT has erred in law and on facts in not appreciating that the limitation period u/s 263(2) of the Act will be calculated from the date of passing of original assessment order dated 04.11.2015 and thus, the notice issued u/s 263 of the Act dated 29.02.2024 is barred by limitation 4. The Ld. PCIT

AMRUTA FABRICS PVT. LTD.,AHMEDABAD vs. THE PCIT, AHMEDABAD-1, AHMEDABAD

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

ITA 1111/AHD/2024[2014-15]Status: DisposedITAT Ahmedabad21 Oct 2024AY 2014-15

Bench: Ms. Suchitra Kamble, Judical Member & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. Nos. 1110, 1111 & 1112/Ahd/2024 (िनधा"रण वष" / Assessment Years : 2013-14, 2014-15 & 2017-18) बनाम/ Amruta Fabrics Pvt. Ltd. The Pr. Cit 199, New Cloth Market, Ahmedabad-1 Vs. Opp. Raipur Darwaja, Sarangpur, Ahmedabad, Gujarat, 380002 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaica0877A (Appellant) .. (Respondent) अपीलाथ" ओर से /Appellant By : Ms. Astha Maniar, A.R. ""यथ" क" ओर से/Respondent By : Shri Sudhendu Das, Cit. Dr 18/09/2024 Date Of Hearing Date Of Pronouncement 21/10/2024

For Appellant: Ms. Astha Maniar, A.RFor Respondent: Shri Sudhendu Das, CIT. DR
Section 132Section 143(3)Section 147Section 148Section 263

reassessment proceedings 3.2 The Ld. PCIT has erred in law and on facts in not appreciating that the limitation period u/s 263(2) of the Act will be calculated from the date of passing of original assessment order dated 04.11.2015 and thus, the notice issued u/s 263 of the Act dated 29.02.2024 is barred by limitation 4. The Ld. PCIT