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6 results for “reassessment”+ Section 269clear

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Key Topics

Section 269S10Section 271D6Section 14A6Section 92C4Section 153A4Section 684Section 1484Addition to Income4Section 143(3)3Cash Deposit

ZYDUS LIFESCIENCES LIMITED (FORMERLY KNOWN AS CADILA HEALTHCARE LTD.),AHMEDABAD vs. THE DCIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, appeal preferred by the assessee is allowed

ITA 162/AHD/2021[2016-17]Status: DisposedITAT Ahmedabad30 May 2024AY 2016-17

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकर अपील सं./I.T.A. No. 162/Ahd/2021 ("नधा"रण वष" / Assessment Years : 2016-17)

Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 144BSection 144C(13)Section 153Section 92BSection 92C

269/- C. Capital Gain – [as per Return of income] Rs. 11,37,32,825/- D. Income from other sources [as per Return of income] Rs. 80,07,21,966/- Assessed Income Rs.18,14,03,03,585/- Brought forward losses of Rs. 2,41,44,65,028, Rs. NIL for A.Y. 2013-14 Adjusted fully by the Dept. while passing order

3
Penalty3
Limitation/Time-bar3

DCIT, CIRCLE GANDHINAGAR, GANDHINAGAR vs. SHRI UMIYA CO OPERATIVE CREDIT SOCIETY LTD LINCH, GANDHINAGAR

In the result, the appeals filed by the Revenue are hereby dismissed

ITA 1932/AHD/2025[2016-17]Status: DisposedITAT Ahmedabad24 Dec 2025AY 2016-17

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

Section 269SSection 271DSection 271ESection 273BSection 3Section 56

reassessment proceedings initiated was dropped for the Asst. Year 2016-17 vide order dated 29-07-2022 passed u/s. 148A(d) of the Act. However, the DCIT proceeded with the penalty proceedings and imposed penalty u/s. 271D of Rs. 28,01,69,810/- and penalty levied u/s. 271E of Rs. 27,32,46,775/-. 6.1. On appeals before first appellate

DCIT CIRCLE GANDHINAGAR, GANDHINAGAR vs. SHRI UMIYA CO OPERATIVE CREDIT SOCIETY LTD LINCH, GANDHINAGAR

In the result, the appeals filed by the Revenue are hereby dismissed

ITA 1933/AHD/2025[2016-17]Status: DisposedITAT Ahmedabad24 Dec 2025AY 2016-17

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

Section 269SSection 271DSection 271ESection 273BSection 3Section 56

reassessment proceedings initiated was dropped for the Asst. Year 2016-17 vide order dated 29-07-2022 passed u/s. 148A(d) of the Act. However, the DCIT proceeded with the penalty proceedings and imposed penalty u/s. 271D of Rs. 28,01,69,810/- and penalty levied u/s. 271E of Rs. 27,32,46,775/-. 6.1. On appeals before first appellate

GAUTAMBHAI NANSINH CHAUHAN,ANAND vs. THE ITO, WARD-1(3)(1), PETLAD

In the result, the appeal of the assessee is allowed

ITA 711/AHD/2025[2019-20]Status: DisposedITAT Ahmedabad12 Aug 2025AY 2019-20

Bench: Ms.Suchitra R. Kamble & Shri Makarand V.Mahadeokar

For Appellant: Shri Amit Pratap Singh, Sr.DR
Section 115BSection 139(1)Section 142(1)Section 144BSection 147Section 148Section 250Section 271ASection 69A

reassessment proceedings, notices under section 142(1) were issued on various dates calling for explanation regarding the source and nature of the high-value cash withdrawals. The assessee responded on 08.09.2023, submitting that he was appointed as an authorised agent of SBI’s Customer Service Centre (Grahak Seva Kendra) through its technology partner NICT Technologies Pvt. Ltd., and was providing

M/S. SHRI RANG INFRASTRUCTURE PVT. LTD.,,GANDHINAGAR vs. DCIT, GANDHINAGAR CIRCLE, GANDHINAGAR

In the result, appeal of the assessee is partly allowed

ITA 665/AHD/2019[2012-13]Status: DisposedITAT Ahmedabad30 Jul 2024AY 2012-13

Bench: Ms. Suchitra Kamble & Shri Makarand Vasant Mahadeokarassessment Year: 2012-13

Section 142(1)Section 143(2)Section 143(3)Section 148Section 151Section 68

reassessment is not review and, therefore, the decision of Hon’ble Apex Court will not be applicable in the present case in the facts and circumstances which was distinguishable from the present assessee to that of decision of Hon’ble Supreme Court. 8. We have heard both the parties and perused all the relevant material available on record

AVANI PETROCHEM PRIVATE LIMITED,VADODARA vs. THE PR.CIT(CENTRAL), SURAT

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

ITA 1099/AHD/2024[2013-14]Status: DisposedITAT Ahmedabad01 Nov 2024AY 2013-14

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

Section 10(2)Section 132Section 143(3)Section 14ASection 153ASection 68

reassessment order erroneous insofar as it is prejudicial to the interest of Revenue. Hence a show cause notice dated 14-03-2024 was issued to revise the assessment order passed by the Assessing Officer to include the above disallowances u/s. 14A of the Act. I.T.A No. 1099/Ahd/2024 A.Y. 2013-14 Page No 3 Avani Petrochem