DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 1(1), MANGALURU, MANGALURU vs. KARNATAKA BANK LTD., MANGALURU

Bench: Shri George George K. & Shri Laxmi Prasad Sahu

reassess under Section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under Section 154, for any assessment year beginning on or before the 1st day of April 2001. 9. From perusal of Section 14A of the Act, it is evident that for the purposes of computing

M/S GRAIN MERCHANT SOCIETY,TUMKUR vs. INCOME TAX OFFICER, WARD.2, TUMKUR

In the result, the assessee's appeal for Assessment Year 2008-09 is allowed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

reassessment was completed under Section 143(3) rws 147 of the Act vide order dt.10.2.2014, wherein the income of the assessee was determined at Rs.14,45,866 by disallowing the assessee's claim for deduction under Section 80P(2)(a)(i) of the Act. 2.3 Aggrieved by the order of assessment for Assessment Year 2008-09 dt.10.2.2014, the assessee preferred