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5 results for “reassessment u/s 147”+ Section 145Aclear

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Chandigarh25Mumbai20Ahmedabad16Agra8Kolkata8Delhi6Chennai5Pune3Indore2Hyderabad2Jaipur2Lucknow1Cochin1Rajkot1

Key Topics

Section 143(2)12Section 1476Section 143(1)3Reassessment3Reopening of Assessment3Section 143(3)2Deduction2Disallowance2

ACIT, MADURAI vs. ARUNA ALLOY STEELS PRIVATE LTD., MADURAI

In the result, the Revenue’s appeal for assessment year

ITA 933/CHNY/2016[2008-09]Status: DisposedITAT Chennai20 Apr 2017AY 2008-09

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.3, 933 & 847/Mds/2016 "नधा"रण वष" / Assessment Years : 2006-07, 2008-09 & 2007-08 The Assistant Commissioner Of M/S Aruna Alloy Steels (P) Ltd., Income Tax, V. Super B-3, Industrial Estate, Corporate Circle I, K-Pudur, Madurai – 625 007. Madurai. Pan : Aaeca 6781 D (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Sh. Pathlavath Peerya, CITFor Respondent: Shri K. Ravi, Advocate
Section 143(1)Section 143(2)Section 147

u/s. 148 is hereby issued. ACIT 11.01.2010 10. From the above, it is obvious that the satisfaction was recorded by the JCIT, Range-III, Madurai. In fact, the JCIT found that he has reason to believe that income chargeable to tax escaped assessment within the meaning of Section 147 of the Act. 11. Now the question arises for consideration

ACIT, MADURAI vs. ARUNA ALLOY STEELS PRIVATE LTD., MADURAI

In the result, the Revenue’s appeal for assessment year

ITA 847/CHNY/2016[2007-08]Status: DisposedITAT Chennai20 Apr 2017AY 2007-08

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.3, 933 & 847/Mds/2016 "नधा"रण वष" / Assessment Years : 2006-07, 2008-09 & 2007-08 The Assistant Commissioner Of M/S Aruna Alloy Steels (P) Ltd., Income Tax, V. Super B-3, Industrial Estate, Corporate Circle I, K-Pudur, Madurai – 625 007. Madurai. Pan : Aaeca 6781 D (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Sh. Pathlavath Peerya, CITFor Respondent: Shri K. Ravi, Advocate
Section 143(1)Section 143(2)Section 147

u/s. 148 is hereby issued. ACIT 11.01.2010 10. From the above, it is obvious that the satisfaction was recorded by the JCIT, Range-III, Madurai. In fact, the JCIT found that he has reason to believe that income chargeable to tax escaped assessment within the meaning of Section 147 of the Act. 11. Now the question arises for consideration

ACIT, MADURAI vs. ARUNA ALLOY STEELS (P) LTD., MADURAI

In the result, the Revenue’s appeal for assessment year

ITA 3/CHNY/2016[2006-07]Status: DisposedITAT Chennai20 Apr 2017AY 2006-07

Bench: Shri N.R.S. Ganesan & Shri Abraham P. Georgeआयकर अपील सं./Ita Nos.3, 933 & 847/Mds/2016 "नधा"रण वष" / Assessment Years : 2006-07, 2008-09 & 2007-08 The Assistant Commissioner Of M/S Aruna Alloy Steels (P) Ltd., Income Tax, V. Super B-3, Industrial Estate, Corporate Circle I, K-Pudur, Madurai – 625 007. Madurai. Pan : Aaeca 6781 D (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Sh. Pathlavath Peerya, CITFor Respondent: Shri K. Ravi, Advocate
Section 143(1)Section 143(2)Section 147

u/s. 148 is hereby issued. ACIT 11.01.2010 10. From the above, it is obvious that the satisfaction was recorded by the JCIT, Range-III, Madurai. In fact, the JCIT found that he has reason to believe that income chargeable to tax escaped assessment within the meaning of Section 147 of the Act. 11. Now the question arises for consideration

CITADEL FINE PHARMACEUTICALS PRIVATE LIMITED ,CHENNAI vs. ACIT COMPANY CIRCLE I(3) , CHENNAI

In the result, the appeal of the assessee in ITA No

ITA 2028/CHNY/2017[2006-07]Status: DisposedITAT Chennai08 Feb 2018AY 2006-07

Bench: Hon’Ble Shri Nrs Ganesan, Jm & Hon’Ble Shri M.Balaganesh, Am ] I.T.A Nos. 2027 & 2028/Chny/2017 Assessment Year : 2005-06 & 2006-07 Citadel Fine Pharmaceuticals(P) Ltd. -Vs- Acit, Circle-I(3), Chennai [Pan: Aaacc1356 N] (Appellant) (Respondent)

For Appellant: Shri S. Sundararaman, CAFor Respondent: Shri ARV Sreenivasan, JCIT
Section 143(3)

section 147 of the Act in relation to the right of the ld AO to assess taxable income discovered during reassessment proceedings. Thus in the reassessment proceedings, it is not permissible for the ld AO to tax any other source of income unless the ld AO assesses to tax that income with reference to which the ld AO had formed

CITADEL FINE PHARMACEUTICALS PRIVATE LIMITED ,CHENNAI vs. ACIT COMPANY CIRCLE I(3) , CHENNAI

In the result, the appeal of the assessee in ITA No

ITA 2027/CHNY/2017[2005-06]Status: DisposedITAT Chennai08 Feb 2018AY 2005-06

Bench: Hon’Ble Shri Nrs Ganesan, Jm & Hon’Ble Shri M.Balaganesh, Am ] I.T.A Nos. 2027 & 2028/Chny/2017 Assessment Year : 2005-06 & 2006-07 Citadel Fine Pharmaceuticals(P) Ltd. -Vs- Acit, Circle-I(3), Chennai [Pan: Aaacc1356 N] (Appellant) (Respondent)

For Appellant: Shri S. Sundararaman, CAFor Respondent: Shri ARV Sreenivasan, JCIT
Section 143(3)

section 147 of the Act in relation to the right of the ld AO to assess taxable income discovered during reassessment proceedings. Thus in the reassessment proceedings, it is not permissible for the ld AO to tax any other source of income unless the ld AO assesses to tax that income with reference to which the ld AO had formed