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22 results for “reassessment”+ Section 263(1)clear

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Key Topics

Section 263100Section 153A36Section 143(3)21Section 35A20Addition to Income18Section 14713Section 14811Revision u/s 26311Cash Deposit7

POONAM MARWAHA,AMRITSAR vs. ACIT DCIT CEN CIR, AMRITSAR

In the result, the appeal filed by assessee is allowed

ITA 306/ASR/2024[2019-20]Status: DisposedITAT Amritsar09 Jan 2025AY 2019-20
Section 115BSection 143(3)Section 263Section 263(1)Section 69

reassessment, Assessing\nOfficer did not invoke section 68,\nhowever, Commissioner exercising his\nrevisionary power under section 263\nset aside assessment orders directing\nAssessing Officer to make fresh\nassessment after conducting detailed\nenquiry and upon satisfying on\ngenuneness of transaction - Whether\norder of Commissioner was not based\non irrelevant considerations and\nfurther in present circumstances, he\nwas not obliged to positively

JALALABAD SOLVEX PRIVATE LTD,JALALABAD vs. PR COMMISSIONER OF INCOME TAX , AMRITSAR-1, PR COMMISSIONER OF INCOME TAX

Showing 1–20 of 22 · Page 1 of 2

Reassessment6
Section 250(6)4
Section 2503

In the result, the appeal filed by the assessee is allowed

ITA 117/ASR/2024[2014-2015]Status: DisposedITAT Amritsar29 Jan 2025AY 2014-2015

Bench: Sh. Udayan Dasgupta & Sh. Krinwant Sahay

For Appellant: Sh. Ashwani Kalia, C.A
Section 143(1)Section 143(3)Section 144BSection 147Section 148Section 263Section 263(1)

reassessment of proceedings read with section assessment filed by 147 the assessee 8 I.T.A. No. 117/Asr/2024 Jalalabad Solvex Pvt. Ltd. v. Pr. CIT iv 08-12- Notice under The assessee has 2021 section 142(1) filed the required information in the Notice under section 142(1) issued on 08- 12- reply dated 2021 asking for the information:- 02/01/2022 and 28/02/2022

SHRI SUKHJINDER SINGH,JALANDHAR vs. PRINICPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

In the result, appeal of the assessee is allowed

ITA 71/ASR/2022[2017-18]Status: DisposedITAT Amritsar20 Mar 2023AY 2017-18

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: Sh. P. N. Arora, AdvFor Respondent: Sh. S. M. Surendranath, Sr. DR
Section 263

263 is very hard to understand as with the issuance of Form 5 the proceedings closed and there was no valid order remaining for the PCIT to resort to such action. Reference in this regard is drawn to Section 5 (3) of the Direct Tax Vivad Se Vishwas Act, 2020, wherein it has been stated that every order passed under

SHRI KULDIP SINGH,KAPURTHALA vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

In the result, appeal of the assessee is dismissed

ITA 38/ASR/2021[2012-13]Status: DisposedITAT Amritsar17 Feb 2023AY 2012-13

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(2)Section 143(3)Section 147Section 148Section 263

1) of section 263 of the I.T. Act, 1961, I propose to hold the said order passed u/s 143(3) of the Income Tax Act, 1961 dated 20.12.2018 to be erroneous, in so far as it is prejudicial to the interests of revenue and take suitable remedial action, as per section 263 of the Income-tax Act, 1961. For sake

SHRIMATI. LATA NARANG,JALANDHAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

In the result, appeal of the assessee is allowed

ITA 35/ASR/2021[2011-12]Status: DisposedITAT Amritsar02 Mar 2023AY 2011-12

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: Sh. Ashray Sarna, CAFor Respondent: Smt. Rajinder Kaur, CIT- DR
Section 143(3)Section 147Section 263Section 5(2)Section 6

reassessment is not permissible .Accordingly after issue of certificate in respect of tax in dispute revision u/s 263 is not permissible. Thus on this account also the action of the PCIT u/s 263 is bad and deserves to be cancelled. Hence it is prayed that appreciating the above facts and submissions the order passed by the PCIT -1, Jalandhar

SMT. SATVIR KAUR W/O SH. SHINDER SINGH,FEROZEPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, AMRITSAR

In the result, the appeal of the assessee is allowed

ITA 102/ASR/2022[2011-12]Status: DisposedITAT Amritsar29 May 2023AY 2011-12

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 139(1)Section 143(3)Section 148Section 263

section 263 of the l. T. Act, 1 9 6 1 after affording reasonable opportunity of being heard. 4. The case was reopened on the reasons that the assessee had deposited cash of Rs. 60,00,000 in her saving bank account maintained with the Oriental Bank of Commerce during the financial year 2010-11 and that no voluntary return

SHRI SHAM SUNDER AGGARWAL,KAPURTHALA vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR

In the result, the appeal of the assessee bearing ITA No

ITA 17/ASR/2021[2011-12]Status: DisposedITAT Amritsar27 Apr 2023AY 2011-12

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143(3)Section 147Section 148Section 151Section 263Section 263o

1 to 16. The relevant paragraph of assessee’s submission is extracted as below: 13. Now coming to the issues raised in the SCN as regards the alleged bogus purchases of Rs.1,97,93,175/- from 18 parties, which are proposed to be disallowed, the humble assessee, while seeking not to give recourse to any such action, has to advance

INCOME TAX OFFICER, FEROZEPUR vs. MS.JATIN AGRO, FORT ROAD

In the result, the appeal of the revenue is dismissed

ITA 104/ASR/2024[2017-18]Status: DisposedITAT Amritsar15 Jan 2026AY 2017-18

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Physical Hearing) I.T.A. No. 103 & 104/Asr/2024 Assessment Years: 2014-15 & 2017-18 Ito, Ward-3(1), Vs. M/S Jatin Agro Fort Road, Ferozepur. 152-P, Ferozepur. [Pan:-Aarpm5393F] (Appellant) (Respondent) Sh. Ashray Sarna, Ca Appellant By Respondent By Sh. Sunil Gautam, Cit. Dr

Section 143(3)Section 148Section 250Section 35A

reassessment complete is valid and the Appellants ground is dismissed. Issue on merits: I have gone through the submission made by the Appellant, the Appellant is an Association of Person which has been formed with the object of setting up and I.T.A. No. 103 & 104/Asr/202 1 Assessment Years: 2014-15 and 2017-18 1 operating warehousing facility for storage

INCOME TAX OFFICER, WARD-3(1),FEROZEPUR, FEROZEPUR vs. MS.JATIN AGRO, FORT ROAD

In the result, the appeal of the revenue is dismissed

ITA 103/ASR/2024[2014-15]Status: DisposedITAT Amritsar15 Jan 2026AY 2014-15

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Physical Hearing) I.T.A. No. 103 & 104/Asr/2024 Assessment Years: 2014-15 & 2017-18 Ito, Ward-3(1), Vs. M/S Jatin Agro Fort Road, Ferozepur. 152-P, Ferozepur. [Pan:-Aarpm5393F] (Appellant) (Respondent) Sh. Ashray Sarna, Ca Appellant By Respondent By Sh. Sunil Gautam, Cit. Dr

Section 143(3)Section 148Section 250Section 35A

reassessment complete is valid and the Appellants ground is dismissed. Issue on merits: I have gone through the submission made by the Appellant, the Appellant is an Association of Person which has been formed with the object of setting up and I.T.A. No. 103 & 104/Asr/202 1 Assessment Years: 2014-15 and 2017-18 1 operating warehousing facility for storage

THE DY. COMMISSIONER OF INCOME TAX, AMRITSAR. vs. SH. JAIMAL SINGH, L/H. SH. PREM CHAND,, TARN TARAN

In the result, the appeal bearing ITA No

ITA 82/ASR/2016[2008-09]Status: DisposedITAT Amritsar09 Nov 2023AY 2008-09

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 139(9)Section 147Section 250Section 250(6)Section 263

263. 5. The Learned CIT A has erred in law and facts and circumstances of the case by not declaring reassessment u/s 147 made on the basis of standalone AIR Information bad in law. 6. The Learned CIT A has erred in law and facts and circumstances of the case by upholding reassessment u/s 147 on the ground

SHRI GURBINDER SINGH MAHAL,AMRITSAR vs. INCOME TAX OFFICER WARD-IV ( 2), AMRITSAR

In the result, the appeal of the assessee bearing ITA No

ITA 22/ASR/2023[2014-15]Status: DisposedITAT Amritsar24 Apr 2023AY 2014-15

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 144Section 144oSection 250(4)Section 250(6)Section 250o

reassessment or recomputation under section 147) of the income of the deceased and for the purpose of levying any sum in the hands of the legal representative in accordance with the provisions of sub-section (1),— (a) any proceeding taken against the deceased before his death shall be deemed to have been taken against the legal representative

GURPAL SINGH SIDHU,NEAR GOVT SCHOOL vs. ITO WARD 1(2), BATHINDA, BATHINDA

In the result, the appeal of the assessee is partly allowed for

ITA 9/ASR/2025[2017-18]Status: DisposedITAT Amritsar19 Aug 2025AY 2017-18

Bench: Udayan Das Gupta & Shri Brajesh Kumar Singh[Assessment Year: 2017-18]

Section 142(1)Section 144Section 69A

reassessment notice was unjustified The facts of this case were entirely different than that of present case of the appellant. In the present case, the appellant could not explain source and nature of cash deposits before the Assessing Officer. Therefore, the Assessing Officer correctly proceeded with re-assessment proceedings and completed the assessment accordingly. 5.5. The appellant argued that

M/S. PUNJAB IRON & STEEL COMPANY LIMITED,JALANDHAR vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1, JALANDHAR

In the result, the appeal of the assesse is allowed

ITA 75/ASR/2023[2008-09]Status: DisposedITAT Amritsar03 Aug 2023AY 2008-09

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: NoneFor Respondent: Sh. S. R. Kaushik, CIT DR
Section 153ASection 68

263 of 2011 GA No. 2856 of 2011 High Court of Calcutta: "After getting the PAN number and getting the information that the creditor is assessed under the Act, the Assessing Officer should enquire from the Assessing Officer of the creditor as to the genuineness of the transaction and whether transaction has been accepted by the Assessing Officer

M/S TORRENT ROOFING SYSTEM,HOSHIARPUR vs. INCOME TAX OFFICER WARD-4, HOSHIARPUR

In the result, the appeal of the assesse is allowed for statistical

ITA 84/ASR/2023[2014-15]Status: DisposedITAT Amritsar12 May 2023AY 2014-15

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 143Section 263Section 40(1)(ia)

Reassessment made by the Assessing officer U/s 143 (3) read with section 263 of Income Tax Act and confirmed by CIT (A) is bad in law, especially when there is no new material available with the Assessing officer and all the facts were duly verified by the Assessing officer while framing the assessment and same was brought to the knowledge

M/S HEALTHAID FOODS SPECIALIST PVT. LTD ,AMRITSAR vs. PR. COMM. OF INCOME TAX(CENTRAL), LUDHIANA

In the result, the appeal of the assessee ITA Nos

ITA 275/ASR/2017[2007-08]Status: DisposedITAT Amritsar15 Feb 2023AY 2007-08

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: NoneFor Respondent: Sh. Rohit Mehra, CIT- DR
Section 153ASection 263

section 263 of the Income Tax Healthaid Foods Specialist P. Ltd. v. Pr. CIT Act, 1961 for the assessment year 2012-13 where worthy Pr. Commissioner of Appeals (Central) has made the following additions: 1) The question for the consideration before this Hon,ble Bench is whether the Pr. CIT(Central) is competent to re-adjudicated the same issue when

M/S HEALTHAID FOODS SPECIALIST PVT. LTD ,AMRITSAR vs. PR. COMM. OF INCOME TAX ( CENTRAL), LUDHIANA

In the result, the appeal of the assessee ITA Nos

ITA 279/ASR/2017[2011-12]Status: DisposedITAT Amritsar15 Feb 2023AY 2011-12

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: NoneFor Respondent: Sh. Rohit Mehra, CIT- DR
Section 153ASection 263

section 263 of the Income Tax Healthaid Foods Specialist P. Ltd. v. Pr. CIT Act, 1961 for the assessment year 2012-13 where worthy Pr. Commissioner of Appeals (Central) has made the following additions: 1) The question for the consideration before this Hon,ble Bench is whether the Pr. CIT(Central) is competent to re-adjudicated the same issue when

M/S HEALTHAID FOODS SPECIALIST PVT. LTD ,AMRITSAR vs. PR. COMM. OF INCOME TAX ( CENTRAL), LUDHIANA

In the result, the appeal of the assessee ITA Nos

ITA 280/ASR/2017[2012-13]Status: DisposedITAT Amritsar15 Feb 2023AY 2012-13

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: NoneFor Respondent: Sh. Rohit Mehra, CIT- DR
Section 153ASection 263

section 263 of the Income Tax Healthaid Foods Specialist P. Ltd. v. Pr. CIT Act, 1961 for the assessment year 2012-13 where worthy Pr. Commissioner of Appeals (Central) has made the following additions: 1) The question for the consideration before this Hon,ble Bench is whether the Pr. CIT(Central) is competent to re-adjudicated the same issue when

M/S HEALTHAID FOODS SPECIALIST PVT. LTD ,AMRITSAR vs. PR. COMM. OF INCOME TAX ( CENTRAL), LUDHIANA

In the result, the appeal of the assessee ITA Nos

ITA 281/ASR/2017[2013-14]Status: DisposedITAT Amritsar15 Feb 2023AY 2013-14

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: NoneFor Respondent: Sh. Rohit Mehra, CIT- DR
Section 153ASection 263

section 263 of the Income Tax Healthaid Foods Specialist P. Ltd. v. Pr. CIT Act, 1961 for the assessment year 2012-13 where worthy Pr. Commissioner of Appeals (Central) has made the following additions: 1) The question for the consideration before this Hon,ble Bench is whether the Pr. CIT(Central) is competent to re-adjudicated the same issue when

M/S HEALTHAID FOODS SPECIALIST PVT. LTD ,AMRITSAR vs. PR. COMM. OF INCOME TAX(CENTRAL), LUDHIANA

In the result, the appeal of the assessee ITA Nos

ITA 277/ASR/2017[2009-10]Status: DisposedITAT Amritsar15 Feb 2023AY 2009-10

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: NoneFor Respondent: Sh. Rohit Mehra, CIT- DR
Section 153ASection 263

section 263 of the Income Tax Healthaid Foods Specialist P. Ltd. v. Pr. CIT Act, 1961 for the assessment year 2012-13 where worthy Pr. Commissioner of Appeals (Central) has made the following additions: 1) The question for the consideration before this Hon,ble Bench is whether the Pr. CIT(Central) is competent to re-adjudicated the same issue when

M/S HEALTHAID FOODS SPECIALIST PVT. LTD ,AMRITSAR vs. PR. COMM. OF INCOME TAX(CENTRAL), LUDHIANA

In the result, the appeal of the assessee ITA Nos

ITA 276/ASR/2017[2008-09]Status: DisposedITAT Amritsar15 Feb 2023AY 2008-09

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

For Appellant: NoneFor Respondent: Sh. Rohit Mehra, CIT- DR
Section 153ASection 263

section 263 of the Income Tax Healthaid Foods Specialist P. Ltd. v. Pr. CIT Act, 1961 for the assessment year 2012-13 where worthy Pr. Commissioner of Appeals (Central) has made the following additions: 1) The question for the consideration before this Hon,ble Bench is whether the Pr. CIT(Central) is competent to re-adjudicated the same issue when