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9 results for “reassessment u/s 147”+ Section 270Aclear

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Key Topics

Section 271(1)(c)12Section 14812Section 14711Section 270A9Section 2748Addition to Income8Penalty6Section 133A5Section 143(3)5

SRI KRISHA TRADERS,SIVAGANGAI vs. DCIT, NON CORPORATE CIRCLE-1,, MADURAI

In the result, the appeal of the assessee is allowed

ITA 2223/CHNY/2025[2017-18]Status: DisposedITAT Chennai12 Dec 2025AY 2017-18

Bench: Shri Ss Viswanethra Ravi & Ms. Padmavathy.Sआयकर अपील सं./Ita No.2223/Chny/2025 िनधा%रण वष% /Assessment Year: 2017-18

For Appellant: Mr. N. Vijay Kumar, C.A *+For Respondent: Ms. Babitha, JCIT
Section 139(1)Section 147Section 148Section 250Section 40A(3)

147 of the Act by making an addition u/s. 40A(3) of the Act and the relevant observations of the AO in this regard are extracted as under: “6. It was mentioned by the ass that he was into the business of purchase and sale of old tyres. During the year under consideration, assessee had made total sales of Rs.2

Survey u/s 133A5
Section 271(1)4
Reassessment4

CHENNIAPPAN RAMADURAI,ERODE vs. DCIT, CENTRAL CIRCLE-2, COIMBATORE

In the result the appeal is dismissed

ITA 1337/CHNY/2023[2018-19]Status: DisposedITAT Chennai12 Jun 2024AY 2018-19

Bench: Shri Ss Viswanethra Ravi & Shri Amitabh Shuklaआयकर अपील सं./Ita Nos.1337/Chny/2023 & Ita Nos.1340/Chny/2023 निर्धारण वर्ा /Assessment Years: 2018-19 & Ay-2019-20 Shri Chenniappan Ramadurai, Dy. Commissioner Of Income Tax, No.56, Nms Compound, Erode, Central Circle-2, Coimbatore. Tamil Nadu-638001. [Pan: Aelpr2706M] & Ita Nos.1343/Chny/2023 For Ay 2019-20 Smt. Ramadurai Amutha, No.56, Nms Compound, Erode, Dy. Commissioner Of Income Tax, Tamil Nadu-638001. Central Circle-2, Coimbatore. [Pan: Afvpa4816L] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Mr.S.Sridhar, Advocate प्रत्यर्थी की ओर से /Respondent By : Shri Arv Srinivasan, Addl.Cit सुनवाई की तारीख/Date Of Hearing : 30.05.2024 घोषणा की तारीख /Date Of Pronouncement : 12.06.2024

For Appellant: Mr.S.Sridhar, AdvocateFor Respondent: Shri ARV Srinivasan, Addl.CIT
Section 133ASection 147Section 148Section 148(1)Section 250Section 270ASection 270A(6)Section 270A(8)Section 270A(9)

147 r.w.s 148 of the Act. The assessing officer considering undisclosed sales turnover of Rs.2,09,25,334/- proceeded to make additions to the returned income. As per para-4 of the impugned penalty order the assesse did not respond to the show cause notices issued by the AO. Consequently from the material available on record the AO concluded that

DEPUTY COMMISSIONER OF INCOME TAX, MADURAI vs. SITARAM JEWELLERS, MADURAI

In the result, both the appeals of the revenue are dismissed

ITA 913/CHNY/2025[2021-22]Status: DisposedITAT Chennai21 Jan 2026AY 2021-22

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

For Appellant: Shri.T.Vasudevan, AdvocateFor Respondent: Shri. Shiva Srinivas, C.I.T
Section 131Section 132Section 69C

270A(9) is initiated separately for under reporting of income in consequence to misreporting of income.” Thus made an addition of Rs.16,22,950/- for the A.Y. 2020-21 and Rs.48,26,392/- for the A.Y. 2021-22. 12. The Assessing Officer also noted that the certain expenditures have been made by the assessee are to be treated as unexplained

DEPUTY COMMISSIONER OF INCOME TAX, MADURAI vs. SITARAM JEWELLERS, MADURAI

In the result, both the appeals of the revenue are dismissed

ITA 915/CHNY/2025[2020-21]Status: DisposedITAT Chennai21 Jan 2026AY 2020-21

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

For Appellant: Shri.T.Vasudevan, AdvocateFor Respondent: Shri. Shiva Srinivas, C.I.T
Section 131Section 132Section 69C

270A(9) is initiated separately for under reporting of income in consequence to misreporting of income.” Thus made an addition of Rs.16,22,950/- for the A.Y. 2020-21 and Rs.48,26,392/- for the A.Y. 2021-22. 12. The Assessing Officer also noted that the certain expenditures have been made by the assessee are to be treated as unexplained

M/S. CITADINES OMR APARTHOTEL PRIVATE LIMITED,CHENNAI vs. ITO CORP WARD 1(3), CHENNAI

In the result, the appeal of the assessee is allowed and the stay application of the assessee is dismissed as infructuous

ITA 303/CHNY/2026[2018-19]Status: DisposedITAT Chennai10 Feb 2026AY 2018-19

Bench: Shri Aby T. Varkey & Ms. Padmavathy.Sआयकर अपील सं./Ita No.303/Chny/2026 & Sa No.29/Chny/2026 (Arising Out Of Ita No.303/Chny/2026) िनधा$रण वष$ /Assessment Year: 2018-19 M/S. Citadines Omr Aparthotel Pvt. The Income Tax Officer, Ltd., Vs. Corporate Ward-1(3), No.94, Somerset Greenways, Chennai. Sathyadev Avenue, Raja Annamalaipuram, Chennai – 600 028. Pan: Aadcr 5653C

For Respondent: Ms. R. Anitha, Addl. CIT
Section 143(3)Section 250Section 263Section 270ASection 270A(6)(a)Section 40A(7)

270A and initiation of proceedings under section 276C of section 276CC, if he fulfils the following conditions, namely:— (a) the tax and interest payable as per the order of assessment or reassessment under sub-section (3) of section 143 or section 147, as the case may be, has been paid within the period specified in such notice of demand

SREE NAVALADIYAN FINANCE,SALEM vs. DCIT,CENTRAL CIRCLE, SALEM

In the result, the appeals filed by the assessee in ITA Nos

ITA 1156/CHNY/2023[2015-16]Status: DisposedITAT Chennai23 Feb 2024AY 2015-16

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

For Appellant: Shri T.S. Lakshmi Venkataraman, CAFor Respondent: Shri P. Sajit Kumar, JCIT
Section 133ASection 147Section 148Section 270ASection 271(1)Section 271(1)(C)Section 271(1)(c)Section 274

147 of the Act. Finally, the AO in the reassessment proceedings assessed the returned income filed in response to notice u/s.148 of the Act at Rs.40,55,440/-. This addition was accepted by assessee as it is because it was returned income. The AO vide this assessment order initiated penalty proceedings u/s.271(1)© of the Act and recorded the initiation

SREE NAVALADIAN FINANCE,NAMAKKAL vs. ITO, SALEM

In the result, the appeals filed by the assessee in ITA Nos

ITA 1157/CHNY/2023[2016-17]Status: DisposedITAT Chennai23 Feb 2024AY 2016-17

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

For Appellant: Shri T.S. Lakshmi Venkataraman, CAFor Respondent: Shri P. Sajit Kumar, JCIT
Section 133ASection 147Section 148Section 270ASection 271(1)Section 271(1)(C)Section 271(1)(c)Section 274

147 of the Act. Finally, the AO in the reassessment proceedings assessed the returned income filed in response to notice u/s.148 of the Act at Rs.40,55,440/-. This addition was accepted by assessee as it is because it was returned income. The AO vide this assessment order initiated penalty proceedings u/s.271(1)© of the Act and recorded the initiation

SREE NAVALADIYAN FINANCE,NAMAKKAL vs. DCIT, CENT CIRCLE, SALEM

In the result, the appeals filed by the assessee in ITA Nos

ITA 1154/CHNY/2023[2013-14]Status: DisposedITAT Chennai23 Feb 2024AY 2013-14

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

For Appellant: Shri T.S. Lakshmi Venkataraman, CAFor Respondent: Shri P. Sajit Kumar, JCIT
Section 133ASection 147Section 148Section 270ASection 271(1)Section 271(1)(C)Section 271(1)(c)Section 274

147 of the Act. Finally, the AO in the reassessment proceedings assessed the returned income filed in response to notice u/s.148 of the Act at Rs.40,55,440/-. This addition was accepted by assessee as it is because it was returned income. The AO vide this assessment order initiated penalty proceedings u/s.271(1)© of the Act and recorded the initiation

SREENAVALADIAN FINANCE,SALEM vs. DCIT,CENTRALCIRCLE, SALEM

In the result, the appeals filed by the assessee in ITA Nos

ITA 1155/CHNY/2023[2014-15]Status: DisposedITAT Chennai23 Feb 2024AY 2014-15

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

For Appellant: Shri T.S. Lakshmi Venkataraman, CAFor Respondent: Shri P. Sajit Kumar, JCIT
Section 133ASection 147Section 148Section 270ASection 271(1)Section 271(1)(C)Section 271(1)(c)Section 274

147 of the Act. Finally, the AO in the reassessment proceedings assessed the returned income filed in response to notice u/s.148 of the Act at Rs.40,55,440/-. This addition was accepted by assessee as it is because it was returned income. The AO vide this assessment order initiated penalty proceedings u/s.271(1)© of the Act and recorded the initiation