M/S.US TECHNOLOGY RESOURCES P. LTD,TRIVANDRUM vs. THE ACIT(INTERNATIONAL TAXATION), TRIVANDRUM

In the result, the appeal of the assessee is allowed and the Stay Petition filed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

reassessment u/s 147 of the S.P. No.27/Coch/2017 I.T. Act was upheld to be correct. The Hon’ble High Court was considering the following substantial question of law:- “(1) Whether the Tribunal was justified in prescribing the time- limit for initiation and completion of proceedings under sub-sections (1) and (1A) of Section 201

M/S.KUNHITHARUVAI MEMORIAL CHARITABLE TRUST,CALICUT vs. THE DCIT, CEN-CIRCLE-2, CALICUT

In the result, the appeals filed by the assessee are disposed of as follows: