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5 results for “reassessment”+ Section 273clear

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Key Topics

Section 26310Section 80I7Section 575Section 1485Section 143(3)4Section 1474Section 683Section 142(1)3Addition to Income3Deduction

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

2
Reopening of Assessment2

EXOTIC REALTORS AND DEVELOPERS,CHANDIGARH vs. PR.CIT-1, CHANDIGARH

In the result, appeal of the assessee is allowed

ITA 189/CHANDI/2023[2018-19]Status: DisposedITAT Chandigarh26 Jul 2024AY 2018-19

Bench: SHRI. KRINWANT SAHAY (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

For Appellant: Shri Ajay Jain, C.AFor Respondent: Shri Rohit Sharma, CIT DR
Section 142(1)Section 143(2)Section 143(3)Section 253Section 263

273 Delhi High Court which speaks about even if thee is some inquiry by the AO in the original proceedings even if inadequate that cannot clothe the Commissioner with jurisdiction under section 263 merely because he can form another opinion. In the instant case, the assesse was specifically queried regarding the nature and character of the one time regulatory

SHELJA GOYAL,LUDHIANA vs. DCIT, CENTRAL CIRCLE-2, LUDHIANA, KITCHLU NAGAR, LUDHIANA

In the result, appeal filed by the Assessee is allowed

ITA 676/CHANDI/2023[2017-18]Status: DisposedITAT Chandigarh09 Jun 2025AY 2017-18

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

For Appellant: Shri Manish Kumar Gupta, C.AFor Respondent: Dr. Ranjeet Kumar, Sr. DR
Section 143(1)Section 270ASection 57

273/-, thereby reducing her taxable income under 'income from other sources' to Rs. 4,67,767. Initially processed under Section 143(1), her case was later selected for limited scrutiny through CASS, and several notices under Sections 143(2) and 142(1) were issued, to which she responded electronically, including submission of a Statement of Affairs showing interest-free funds

SBS BIOTECH UNIT II,SIRMOUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, CHANDIGARH

In the result, the appeal of the assessee is allowed

ITA 413/CHANDI/2024[2017-18]Status: DisposedITAT Chandigarh25 Feb 2025AY 2017-18

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

For Appellant: Shri Ajay Jain, C.AFor Respondent: Shri Abhishek Pal Garg, DR
Section 143(1)Section 143(2)Section 147Section 148Section 263Section 801CSection 80I

273 (Delhi HC) has similarly held as under: "It is well settled that if there is some enquiry by the Assessing Officer in the original proceedings even if inadequate that cannot clothe the Commissioner with jurisdiction under section 263 merely because he can form another opinion." In the instant case, the assessee was specifically queried regarding the nature and character

DCIT,CIRCLE-I, LUDHIANA, LUDHIANA vs. ADINATH TEXTILES LIMITED, LUDHIANA

In the result both the appeal filed by the Revenue and Cross objection filed by the Assessee are dismissed

ITA 122/CHANDI/2024[2012-13]Status: DisposedITAT Chandigarh23 Jul 2025AY 2012-13

Bench: the appeal is finally heard or disposed off.

For Appellant: Shri Sudhir Sehgal, AdvocateFor Respondent: Shri Manav Bansal, CIT, DR
Section 147Section 148Section 68Section 69C

273(P&H). e) Judgment of Hon'ble ITAT, Chandigarh Bench in the case of Samrat Plywood Inds., in ITA No. 595/Chd/2017. f). f) Piyush Developers Pvt. Ltd V/s ACITITA No.5599/DEL/2010, ITAT, Delhi Bench atNew Delhi. g) Commissioner of Income Tax V/s Bholanath Poly Fab Pvt. Ltd355 ITR 290 GUJ HC. h) Northern India Steel Rolling Mills V/s DCITITA