M/S JAMMU COOPERATIVE WHOLE SALE LIMITED,JAMMU vs. INCOME TAX OFFICER WARD-2 (1), JAMMU

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No. 150/Asr/2020 Assessment Year: 2005-06 M/S Jammu Cooperative Whole Sale The Ito Limited (Super Bazar) Old Hospital Ward-2(1) Road, City Chowk, Jammu- Jammu 180001(J&K)-180001

reassessment" cannot be reduced beyond the income originally assessed. 5.3 In view of that matter, we find no infirmity in the order of the Ld. CIT(A) on the issue of confirming the finding of the AO in not accepting the loss return claim on account of carry forward of losses by the assessee and hence, no interference is called

MESERS SUPERTECH FORGINGS(INDIA) PVT.LTD.,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE IV, JALANDHAR

In the result, the appeal of the Assessee is allowed

260 ITR 202 (P&H) One of the purposes of section 147 appears to us to ensure that a party cannot get away by willfully making a false statement at the time of original assessment and when that falsity comes to notice, to turn around and say 'you accepted my lie, now your hands are tied

SHRIMATI SUDHA AGGARWAL,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE- 2, JALANDHAR

Bench: Shri L. P. Sahu & Shri Ravish Sood

reassessment can only be made for six assessment years and this assessment year is the seventh assessment year P a g e | 2 ITA No. 525/Asr./2019 A.Y. 2017-18 Smt.Sudha Aggarwal Vs. ACIT for which no notice under section 153A can be issued which is mandatory for assessment under section 153A of the Act, due to which assessment becomes

M/S HOLY FAITH INTERNATIONAL PVT. LTD,JALANDHAR vs. THE DY COMMISSIONER OF INCOME TAX, JALANDHAR

In the result, the appeal of the assessee is allowed

Bench: Sh. N. K. Saini, Hon’Ble & Sh. Ravish Soodita No.181/Asr./2017 : Asstt. Year : 2008-09 M/S Holy Faith International Vs Deputy Commissioner Of Income Tax, Pvt. Ltd., Mbd House, Central Circle-Ii, Railway Road, Jalandhar Jalandhar (Appellant) (Respondent) Pan No. Aaach6111J Assessee By : Sh. Sudhir Sehgal, Adv. Revenue By : Sh. Bhawani Shankar, Dr Date Of Hearing : 07.01.2019 Date Of Pronouncement : 15.01.2019 Order Per N. K. Saini: This Is An Appeal By The Assessee Against The Order Dated 20.03.2017 Of Ld. Cit(A)-I, Jalandhar. 2. Following Grounds Have Been Raised In This Appeal: “1. That The Worthy Commissioner Of Income Tax (A)-1, Jalandhar Has Erred In Dismissing The Appeal Filed By The Assessee. 2. That The Ld. Cit(A) Has Erred In Confirming The Contention Of The Assessing Officer In Reopening The Case U/S 148 Of The Income Tax Act And, Thus, Framing Of Assessment U/S 147 R.W.S.143(3)/153C At An Income Of Rs. 4,95,13,441/- Against The Returned Income Of Rs. 4,63,33,441/-. 3. That The Ld. Cit(A) Has Erred In Not Considering That There Was No Reason To Believe That The Income Of The

section 147 is not satisfied with regard to reopening the case beyond 4 years. Now, the point wise explanation of the above points are provided as under: 1.4 It is submitted that the case of the assessee has already been assessed u/s 153C/143(3) of the Act and the then Ld. AO has applied his mind while framing his assessment

PUNEET SAHDEV,JAMMU vs. THE INCOME TAX OFFICER, JAMMU

Bench: Shri L. P. Sahu & Shri Ravish Sood

reassessment proceedings the A.O holding a conviction that the conversion of pure gold/bullion (24 carat) into gold ornaments (22 carat) could not be construed as an activity of “manufacturing” of gold ornaments, had thus, called upon the assessee to justify his claim for deduction u/s 80IB of the Act. Also, it was observed by the A.O in the body

INCOME TAX OFFICER, JAMMU vs. SH. PUNEET SEHDEV, PROP., JAMMU

Bench: Shri L. P. Sahu & Shri Ravish Sood

reassessment proceedings the A.O holding a conviction that the conversion of pure gold/bullion (24 carat) into gold ornaments (22 carat) could not be construed as an activity of “manufacturing” of gold ornaments, had thus, called upon the assessee to justify his claim for deduction u/s 80IB of the Act. Also, it was observed by the A.O in the body

SH. PUNEET SEHDEV PROP;,JAMMU vs. THE INCOME-TAX OFFICER,, JAMMU

Bench: Shri L. P. Sahu & Shri Ravish Sood

reassessment proceedings the A.O holding a conviction that the conversion of pure gold/bullion (24 carat) into gold ornaments (22 carat) could not be construed as an activity of “manufacturing” of gold ornaments, had thus, called upon the assessee to justify his claim for deduction u/s 80IB of the Act. Also, it was observed by the A.O in the body

SH. PUNEET SEHDEV PROP,JAMMU vs. THE INCOME-TAX OFFICER, JAMMU

Bench: Shri L. P. Sahu & Shri Ravish Sood

reassessment proceedings the A.O holding a conviction that the conversion of pure gold/bullion (24 carat) into gold ornaments (22 carat) could not be construed as an activity of “manufacturing” of gold ornaments, had thus, called upon the assessee to justify his claim for deduction u/s 80IB of the Act. Also, it was observed by the A.O in the body