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3 results for “reassessment”+ Section 56(2)(viib)clear

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Key Topics

Section 56(1)10Section 56(2)(viib)3Addition to Income3Condonation of Delay2

ASSISTANT COMMISSIONER OF INCOME TAX, NUNGAMBAKKAM vs. R K M POWERGEN PRIVATE LIMITED, T NAGAR

In the result the appeal of the revenue for the both the

ITA 800/CHNY/2023[2013-14]Status: DisposedITAT Chennai06 Nov 2024AY 2013-14
Section 56(1)

viib) till then.\n7.5.22 With reference to differential rate of allotment of shares to the domestic investor (RK Powergen Pvt. Ltd) and the foreign investors, the issue is dealt u/ s 56(2)(viia) in terms of provisions of Rule 11 UA(I)(c)(b) separately and it would be discussed in the order in the case of RK Powergen

ASSISTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. R K M POWERGEN PVT. LTD., CHENNAI

In the result the appeal of the revenue for the both the\n

ITA 799/CHNY/2023[2014-15]Status: DisposedITAT Chennai06 Nov 2024AY 2014-15
For Appellant: \nShri. A. Sasikumar, CIT \nShri. V. Ravichandran, CA
For Respondent:
Section 56(1)

viib)\ntill then.\n7.5.22 With reference to differential rate of allotment of\nshares to the domestic investor (RK Powergen Pvt. Ltd)\nand the foreign investors, the issue is dealt u/ s 56(2)(viia)\nin terms of provisions of Rule 11 UA(I)(c)(b) separately and\nit would be discussed in the order in the case of RK\nPowergen

ORAGADAM CITY DEVELOPERS PVT. LTD.,CHENNAI vs. ITO, CORPORATE WARD-5(1), CHENNAI

In the result, Addition u/s

ITA 2173/CHNY/2025[2014-15]Status: DisposedITAT Chennai23 Feb 2026AY 2014-15

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunatha

For Appellant: MR. R. Sivaraman, AdvFor Respondent: Mr. Guru Prasad, Addl. CIT
Section 143(2)Section 147Section 148Section 40Section 56(2)(viib)

56(2)(viib) of the Act. Accordingly, the assessment was reopened u/s.147 of the Act, and notice u/s.148 dated 21.03.2019 was issued. In response, the assessee filed a return of income on 12.11.2019 declaring the same loss of Rs.17,95,493/-. Thereafter, statutory notices u/s. 143(2) and 142(1) were issued from time to time, and the assessee furnished