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4 results for “reassessment”+ Section 144C(2)clear

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Key Topics

Section 1474Addition to Income4Section 50C3Section 145A3Section 1482Section 37(1)2Section 133(6)2Penalty2Reassessment2

DCIT, C-1(1) , CHANDIGARH vs. M/S FIDELITY INFORMATION SERVICES INDIA PVT. LTD., CHANDIGARH

In the result, the cross-objection filed by the assessee is dismissed

ITA 1328/CHANDI/2019[2014-15]Status: DisposedITAT Chandigarh07 Jun 2024AY 2014-15

Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

For Appellant: Shri Vishal Kalra, Advocate and Ms. Sumisha, C.AFor Respondent: Shri Rohit Sharma, CIT DR
Section 37(1)

144C(13) r.w.s. 143(3) dated 31.10.2012 & for A.Y. 2008-09, that the AO has held that the assessee had failed to show how the inclusion of the expenses was done in the cost charged by the assessee company to its client. Further, the AO held that the assessee failed to explain how these expenses related to the normal business

NEERU ARORA,CHANDIGARH vs. CIRCLE-1, INTERNATIONAL TAXATION, CHANDIGARH

In the result, the appeal of the assessee is partly allowed in terms indicated above

ITA 60/CHANDI/2024[2013-14]Status: DisposedITAT Chandigarh25 Jun 2025AY 2013-14

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. MANOJ KUMAR AGGARWAL (Accountant Member)

For Appellant: Shri Parikshit Aggarwal, C.AFor Respondent: Smt. Tarundeep Kaur, CIT, DR
Section 142(1)Section 144C(2)Section 147Section 148Section 2(47)(v)Section 48Section 50CSection 50C(1)Section 50C(2)Section 53A

reassessment proceedings, notices under section 142(1), along with questionnaires, were issued by the AO seeking specific details regarding the said transaction. 4. The AO noted that despite repeated opportunities, no credible explanation or evidence for cost of acquisition of the property was furnished. Therefore, vide show cause notice dated 17.02.2023, the AO proposed to treat the full amount

JAMYANG KHYENTSE YESHI,KANGRA, HIMACHAL PRADESH vs. ACIT, DCIT, C.R. BUILDING, CHANDIGARH

The appeal of the assessee is partly allowed

ITA 604/CHANDI/2023[2013-14]Status: DisposedITAT Chandigarh17 Nov 2025AY 2013-14

Bench: The Ld. Cit(A). The Ld. Cit(A), After Calling For A Remand Report Under Rule 46A, Recorded The Following Findings (Para 5.1 To 5.5 Of The Appellate Order):

For Appellant: Shri Nitin Kanwar, Advocate (Virtual)For Respondent: Shri Prem Singh, Addl. CIT, Sr. DR
Section 133(6)Section 147Section 148Section 69A

2. That the Id. AO erred both in law and on the facts in not complying with the mandatory provisions of law & procedure laid down u/s 147 to 153, in relation to both reopening u/s 148 and making reassessment, thus reassessment was bad in law and in procedure. 3. That notice u/s 148 dated 31.03.2021 was issued on 01.04.2021, therefore

ASSTT.COMMISSIONER OF INCOME TAX, C-4(1), CHANDIGARH vs. M/S SML ISUZU LIMITED, CHANDIGARH

In the result of the value of the opening stock and closing stock

ITA 441/CHANDI/2018[2013-14]Status: DisposedITAT Chandigarh03 Oct 2018AY 2013-14
For Appellant: Shri Neeraj JainFor Respondent: Mrs. Mona Mohanty, CIT-DR
Section 145Section 145ASection 271

2 of 4 observed that excise duty is included in valuation of finished goods only. However, for the purposes of valuation of work-in-progress, the excise duty was not being taken into consideration. As per the provisions of section 145A(a)(ii)/ work in progress has to be increased by adding the excise duty applicable [i.e. @ 12.485% (including