THE ACIT, CIRCLE-1(1)(1), VADODARA vs. GUJARAT FLUOROCHEMICALS LTD., VADODARA

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

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

reassessment order passed under section 147 r.w.s. 143(3) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) relating to the Assessment Year 2010-11. I.T.A No. 169/Ahd/2023 A.Y. 2010-11 Page No 2 ACIT Vs. Gujarat Fluorochemicals Ltd. 2. Brief facts of the case is that the assessee is a company engaged in manufacturing of Chemicals

SADBHAV ENGINEERING LTD.,AHMEDABAD vs. DCIT, CENTRAL CIRCLE 1(3), AHMEDABAD, DCIT, CENTRAL CIRCLE 1(3), AHMEDABAD

In the result, all the appeals of the assessee are partly allowed\nand that of the Revenue are dismissed

reassessment proceedings, an assessee can neither claim nor be allowed a\ndeduction that was not claimed in the original return. Thus, the assessment proceedings\ninitiated on the basis of an action under Section 132 of the Act also cannot be utilized by the\nassessee to seek a relief not claimed earlier and thus cannot seek a review of a concluded