M/S SADASHIV VENTURES,CHANDIGARH vs. DCIT, CIRCLE-1, CHANDIGARH
In the result, the appeal of the Assessee stands allowed
ITA 33/CHANDI/2024[2011-12]Status: DisposedITAT Chandigarh04 Sept 2024AY 2011-12
Bench: Shri A.D. Jain & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 33/Chd/2024 "नधा"रण वष" / Assessment Year : 2011-12 M/S Sadashiv Ventures, Vs. The Dcit, बनाम Circle-1, Sco 9, Sector 7, Chandigarh Madhya Marg, Chandigarh "थायी लेखा सं./Pan No: Abufs6758C अपीलाथ"/ Appellant ""यथ"/ Repsondent ( Physical Hering ) "नधा"रती क" ओर से/Assessee By : Shri Nikhil Goyal, Advocate & Shri Ashok Goyal, Ca राज"व क" ओर से/ Revenue By : Shri Vivek Vardhan, Jcit, Sr. Dr सुनवाई क" तार"ख/Date Of Hearing : 13.08.2024 उदघोषणा क" तार"ख/Date Of Pronouncement : 04.09.2024
For Appellant: Shri Nikhil Goyal, AdvocateFor Respondent: Shri Vivek Vardhan, JCIT, Sr. DR
Section 133(6)Section 142(1)Section 143(3)Section 148Section 263Section 68
reassessment is bad in law.
Quoting the judgement of Madras High Court in the case of Commissioner of Income
Tax v..
Neyveli
Lignite
Corporation Ltd. [2020] 117 taxmann.com 847 (Madras) /
[2020] 273 Taxman 322 (Madras)[13-07-2020]), in which it was held that:—
"If the very same reasons were the subject matter of the proceedings under section