Search: reassessment u/s 147

1 result for “reassessment u/s 147”+ Section 145Aclear

Sorted by relevance

Chandigarh25 Mumbai20 Ahmedabad16 Agra8 Kolkata8 Delhi6 Chennai5 Pune3 Indore2 Hyderabad2 Jaipur2 Lucknow1 Cochin1 Rajkot1

Key Topics

Section 2637 Section 143(3)4 Section 10B2 Section 143(1)2

M/S.US TECHNOLOGY INTERNATIONAL P. LTD,TRIVANDRUM vs. THE JCIT, TRIVANDRUM

In the result, the appeal filed by the assessee is allowed

ITA 247/COCH/2017[2009-10]Status: DisposedITAT Cochin23 Jul 2018AY 2009-10

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Sri.M.Raghunathan SFor Respondent: Sri.Santam Bose

Section 10ASection 10BSection 143(1)Section 143(3)Section 144CSection 263

147 of the IT Act was completed vide order dated 17.03.2015. In the reassessment completed, the exemption claimed u/s 10B / 10A of the I.T.Act was disallowed and also interest expenditure for the reason that there was diversion of funds not for the purpose of business. The CIT had invoked the revisionary jurisdiction u/s 263 for the following reasons