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4 results for “reassessment u/s 147”+ Section 10Bclear

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Key Topics

Section 26314Section 1112Section 10B9Section 1476Section 10A4Section 1483Section 143(3)2Disallowance2Addition to Income

THE DY. CIT, CIRCLE-1(2),, VADODARA vs. M/S. WEB GAZER SOFTWARE COMPANY,, VADODARA

ITA 1559/AHD/2017[2009-10]Status: DisposedITAT Ahmedabad18 Feb 2021AY 2009-10
For Appellant: Shri M.J. Shah &For Respondent: Shri Lalit P. Jain, Sr.D.R
Section 10ASection 10BSection 14

10B of the Act. Thus by virtue explanation 2 to section 147 of the Act the AO is empowered to reopen the assessment. 14. Aggrieved assessee preferred an appeal to the learned CIT (A) who confirmed the validity assessment framed under section 147 of the Act by observing as under: The present case is more similar to the judgment

GUJARAT TECHNOLOGICAL UNIVERSITY,,AHMEDABAD, GUJARAT vs. COMMISSIONER OF INCOME TAX, EXEMPTION, AHMEDABAD, GUJARAT

In the result, the above ground of appeal of the assessee is allowed

2
Exemption2
Reassessment2
Revision u/s 2632
ITA 935/AHD/2024[2017-18]Status: Disposed
ITAT Ahmedabad
22 Apr 2025
AY 2017-18

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

For Appellant: Ms. Amrin Pathan, A.RFor Respondent: Shri V. Nandakumar, CIT DR
Section 11Section 12ASection 147Section 148Section 263

reassessment proceedings u/s 147 of the Act. 4. The learned CIT(E) erred in fact and in law in invoking revision power u/s 263 of the Act on an issue of allowability of exemption u/s 11 of the Act despite the fact that proceeding u/s 263 cannot be initiated on debatable issue. Gujarat Technological University vs. CIT(E) Asst. Year

SHRI VIJAY D. PATEL,,AHMEDABAD vs. THE CIT-7,, AHMEDABAD

ITA 2022/AHD/2015[2008-09]Status: DisposedITAT Ahmedabad27 Jan 2022AY 2008-09
For Appellant: Shri A. C. Shah, A.RFor Respondent: Shri Vijaykumar Jaiswal, CIT D.R
Section 143Section 147Section 148Section 263Section 271(1)(c)

reassessment proceedings,u/s. 147 of the Act.The assessee had failed to file any return originally, but on initiation of re-assessment proceedings, return was filed declaring income of Rs. 33,260,50/- under the head income from other sources. The same was accepted by the AO. Subsequently on perusal of records, the ld. PCIT noted the following errors therein

SUN PHARMACEUTICALS INDUSTRIES LTD. ( ERSTWHILE RANBAXY LABORATORIES LIMITED),BARODA vs. THE ACIT,CENT.CIRCLE-1, BARODA

ITA 702/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad08 Apr 2021AY 2011-12
For Appellant: Shri S.N. Soparkar, Sr. A.RFor Respondent: Shri Mohd Usman, CIT-D.R
Section 115JSection 143(2)Section 143(3)Section 144CSection 144C(5)Section 37(1)Section 92C

10B redundant. This is patently an unacceptable position having no sanction of the Indian transfer pricing law. Borrowing a contrary mandate of the TP provisions of other countries and reading it into our provisions is not permissible. The requirement under our law is to compute the income from an international transaction between two AEs having regard