Search: reassessment u/s 147

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Section 143(3)5 Section 1484 Section 1473 Section 1392

M/S. NANDAN EXIM LIMITED,AHMEDABAD vs. DY.COMMISSIONER OF INCOME TAX, CIRCLE-3(1)(1),, AHMEDABAD

In the result, assessee’s appeal is allowed

ITA 2232/AHD/2017[2008-09]Status: DisposedITAT Ahmedabad19 Nov 2019AY 2008-09

Bench: Shri Waseem Ahmed & Ms. Madhumita Roynandam Exim Limited, Vs. Dcit, Survey No.198, 203/2, Saijpur – Circle – 3(1)(1), Gopalpur, Pirana Road, Piplaj Ahmedabad. Ahmedabad – 382 405. [Pan No. Aaacn 5327 L] (Appellant) (Respondent) ..

For Appellant: Shri S. N. Soparkar & Urvashi Sodhan, A.RFor Respondent: Shri Mudit Nagpal, Sr. D.R

Section 139Section 139(1)Section 143(3)Section 147Section 148Section 14A

reassessment proceedings deserves to be quashed. Further that, it is a settled principle of law that no action shall be taken u/s 147 of the Act after expiry of four years from the end of the relevant assessment year, unless any income chargeable to tax has escaped assessment for such assessment year by reason of the failure on the part