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2 results for “reassessment u/s 147”+ Section 271Eclear

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Key Topics

Section 269S3Section 271D2Section 542Section 2492Penalty2

MS.DIVYA S RAO ,MYSORE vs. THE INCOME TAX OFFICER WARD-1(4), MYSORE

In the result appeals filed by assessee stands allowed

ITA 2384/BANG/2018[2008-09]Status: DisposedITAT Bangalore06 Nov 2020AY 2008-09

Bench: Shri. B.R. Baskaran & Smt. Beena Pillai

For Appellant: Shri V Srinivasan, AdvocateFor Respondent: Shri S Sundar Rajan, Addl. CIT
Section 144Section 148Section 234Section 249Section 271Section 271(1)(b)Section 271(1)(c)

271E of the Act for assessment year 2008-09 Page 2 of 13 ITA No.2384 to 2387/Bang/2018 “1. The orders of the authorities below in so far as they are against the appellant, are opposed to Law, equity, weight of evidence, probabilities, facts and circumstances of the case. 2. The learned CIT[A] is not justified in holding that

SRI. GANGASHARA SHETTY, ,DAKSHINA KANNADA vs. INCOME TAX OFFICER, WARD-2(1), MANGALORE

In the result, appeal of the assessee stands allowed

ITA 1633/BANG/2024[2017-18]Status: DisposedITAT Bangalore22 Oct 2024AY 2017-18

Bench: Ms. Padmavathy S. & Shri Prakash Chand Yadavassessment Year: 2017-18

For Appellant: Smt. Sunaiana Bhatia, A.RFor Respondent: Ms. Neha Sahay, D.R
Section 147Section 269SSection 271DSection 273BSection 54

147 of the Act. The assessee has been asked to Sri Gangadhara Shetty, Mangalore Page 2 of 5 file the true and correct affairs of his income. In response, the assessee submitted his return of income declaring total income as Nil. During the course of assessment proceedings, the AO observed that the assessee has earned long term capital gain amounting