WINSOME TEXTILE INDUSTRIES LIMITED,CHANDIGARH vs. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), CHANDIGARH, CHANDIGARH
In the result, the appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed
ITA 528/CHANDI/2024[2011-12]Status: DisposedITAT Chandigarh27 Feb 2025AY 2011-12
Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)
For Appellant: Shri Tejmohan Singh, AdvocateFor Respondent: Shri Ved Parkash Kalia Sr. DR
Section 115JSection 143(1)Section 143(3)Section 147Section 148
Section 147 which empowers the Assessing officer to inquire into the matters which comes to his notice subsequently. But the said provision is not relevant in the facts of the present case since the issue of GDR receipts was already subject matter of reassessment proceedings initiated for the AY 2011-12 vide reasons recorded and notice issued on 26th March