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11 results for “reassessment”+ Search & Seizureclear

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Key Topics

Section 143(3)19Section 260A9Reassessment9Section 1478Reopening of Assessment7Section 148A4Section 271(1)(c)4Section 153A4Addition to Income3

COMMISSIONER OF INCOME TAX (IT & TP) vs. M/S. DONGFANG ELECTRIC CORPORATION

ITAT/66/2018HC Calcutta09 Jul 2021

Bench: : The Hon’Ble Justice Surya Prakash Kesarwani

Section 132(1)Section 132(4)Section 133ASection 139Section 153ASection 271(1)(c)Section 274

seizure operations and impounding of documents, the respondent/assessee declared an 4 undisclosed income of Rs.13,16,25,370/- which was added to the income disclosed in the returns apart from certain other additions.In the assessment order the assessing officer mentioned that penalty proceeding under section 271(1)(c) of the Act, 1961 has been initiated and show cause notice under

M/S R R SONS TRADING COMPANY vs. ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-XVI, KOLKA

Section 132(4)2

The appeals are dismissed

ITAT/26/2015HC Calcutta10 May 2022

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 10Th May, 2022. Appearance:- Ms. Chandrani Das, Adv. Ms. Riti Basu, Adv.

Section 143(3)Section 147Section 260A

search and seizure." 7 After rendering the above finding the Tribunal examined as to whether the assessee was justified in contending that the reassessment

M/S SUNIL FAN INDUSTRIES vs. INCOME TAX OFFICER, WARD-35(2), KOLKATA

The appeals are dismissed

ITAT/30/2015HC Calcutta10 May 2022

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 10Th May, 2022. Appearance:- Ms. Chandrani Das, Adv. Ms. Riti Basu, Adv.

Section 143(3)Section 147Section 260A

search and seizure." 7 After rendering the above finding the Tribunal examined as to whether the assessee was justified in contending that the reassessment

M/S HIGAIN CONSULTANCY SERVICES (P) LTD. vs. ASSISTANT COMMISSIONER OF INCOME TAX

The appeals are dismissed

ITAT/28/2015HC Calcutta10 May 2022

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 10Th May, 2022. Appearance:- Ms. Chandrani Das, Adv. Ms. Riti Basu, Adv.

Section 143(3)Section 147Section 260A

search and seizure." 7 After rendering the above finding the Tribunal examined as to whether the assessee was justified in contending that the reassessment

M/S KUMAR TRADERS vs. ASSISTANT COMMISSIONER OF INCOME TAX

The appeals are dismissed

ITAT/25/2015HC Calcutta10 May 2022

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 10Th May, 2022. Appearance:- Ms. Chandrani Das, Adv. Ms. Riti Basu, Adv.

Section 143(3)Section 147Section 260A

search and seizure." 7 After rendering the above finding the Tribunal examined as to whether the assessee was justified in contending that the reassessment

M/S LEOPARD FINANCIERS PVT LTD. vs. ASSISTANT COMMISSIONER OF INCOME TAX

The appeals are dismissed

ITAT/27/2015HC Calcutta10 May 2022

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 10Th May, 2022. Appearance:- Ms. Chandrani Das, Adv. Ms. Riti Basu, Adv.

Section 143(3)Section 147Section 260A

search and seizure." 7 After rendering the above finding the Tribunal examined as to whether the assessee was justified in contending that the reassessment

M/S MAYUR VYAPAR PVT LTD. vs. ASSISTANT COMMISSIONER OF INCOME TAX

The appeals are dismissed

ITAT/35/2015HC Calcutta10 May 2022

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 10Th May, 2022. Appearance:- Ms. Chandrani Das, Adv. Ms. Riti Basu, Adv.

Section 143(3)Section 147Section 260A

search and seizure." 7 After rendering the above finding the Tribunal examined as to whether the assessee was justified in contending that the reassessment

M/S RAMESHWAR LAL SAJJAN KUMAR (PRESENTLY VINSA ELECTRICAL P vs. ASSISTANT COMMISSIONER OF INCOME TAX

The appeals are dismissed

ITAT/33/2015HC Calcutta10 May 2022

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 10Th May, 2022. Appearance:- Ms. Chandrani Das, Adv. Ms. Riti Basu, Adv.

Section 143(3)Section 147Section 260A

search and seizure." 7 After rendering the above finding the Tribunal examined as to whether the assessee was justified in contending that the reassessment

PRINCIPAL COMMISSIONER OF INCOME TAX 13 KOLKATA vs. SRI SOUMITRA JOSHI

The appeal is partly allowed

ITAT/121/2023HC Calcutta05 Jun 2023

Bench: : The Hon’Ble Chief Justice T.S. Sivagnanam

Section 147Section 148A

search and seizure was carried out by the Director of Investigation, Lucknow on 18th December, 2021 in the case of Raj Group and Ors., in which against one Girdhari Lal Goenka was also covered. It is alleged that in the appraisal report it has been mentioned that the assessee has taken unexplained total loan amount of Rs.5

PRINCIPAL COMMISSIONER OF INCOME TAX-9,KOLKATA vs. MANJU OSATWAL

In the result, the appeal filed by the revenue is dismissed and

ITAT/96/2021HC Calcutta11 Feb 2022

Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA

For Appellant: Mr. Soumen Bhattacharjee, AdvFor Respondent: Ms. Swapna Das, Adv
Section 10(38)Section 133(6)Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 180Section 182Section 260ASection 263

search and seizure proceedings against certain stock brokers there appears to have been statements recorded that they have been paid commission. The statements relied on were not furnished to the assessee, nor there is any finding that the assessee paid commission to any stock broker. Thus, the Assessing Officer was directed that the purchase price of Rs.1

PRINCIPAL COMMISSIONER OF INCOME TAX 5 KOLKATA vs. ADVANCE ENGINEERING CORPORATION

Accordingly, the appeal filed by the revenue is allowed and the substantial

ITAT/272/2024HC Calcutta17 Jul 2025

Bench: : The Hon’Ble Chief Justice T.S Sivagnanam

Section 143(3)Section 260A

search 2 and seizure operation conducted against the bogus bill provider Shri Sanjiw Kumar Singh as well as the seized documents found and statements of various related parties which establish beyond doubt that the assessee availed accommodation entries in the form of bogus purchase thereby giving rise to the vice of perversity in the decision making process? The learned Tribunal