KESARWANI & C0,,ALLAHABAD vs. JT CIT,, ALLAHABAD
In the result the appeal of the assessee is partly allowed
ITA 390/ALLD/2014[2007-08]Status: DisposedITAT Allahabad29 Nov 2024AY 2007-08
For Appellant: Sh. Praveen Godbole, C.AFor Respondent: Sh. Neel Jain, CIT DR
Section 132Section 143(1)Section 153ASection 153A(1)(b)Section 271(1)(c)Section 36(1)
132A of the Act,
1961. However, the completed/unabated assessments can be re-opened by the AO in exercise of powers under Sections 147/148 of the Act, subject to fulfillment of the conditions as envisaged/mentioned under sections
147/148 of the Act and those powers are saved.”
Therefore, in view of the decision of the Hon’ble Supreme Court in the aforesaid
