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3 results for “reassessment”+ Section 207clear

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Key Topics

Section 2636Section 143(3)4Section 1543Section 142(1)3Revision u/s 2632

MIDWAY MOTORS \PRIVATE LIMITED,CUTTACK vs. PR.CIT-1, BHUBANESWAR

In the result, appeal of the assessee stands allowed

ITA 148/CTK/2023[2017-18]Status: DisposedITAT Cuttack28 Jun 2023AY 2017-18

Bench: Shri George Mathan & Shri Rajesh Kumarआयकर अऩीऱ सं/Ita No.148/Ctk/2023 (ननधाारण वषा / Assessment Year : 2017-2018) Midway Motors Private Limited, Vs Pr.Cit, Bhubaneswar-1 Plot No.554, Nuapada Chaak, Madhupatna, Cuttack-753010 Pan No. :Aajcm 8153 E (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. ननधााररती की ओर से /Assessee By : Shri Sunil Mishra, Advocate राजस्व की ओर से /Revenue By : Shri M.K.Gautam, Pr.Cit(Osd) सुनवाई की तारीख / Date Of Hearing : 28/06/2023 घोषणा की तारीख/Date Of Pronouncement : 28/06/2023 आदेश / O R D E R Per Bench : This Is An Appeal Filed By The Assessee Against The Order Of The Ld. Pr.Cit, Bhubaneswar-1, Dated 11.01.2022, Passed In Itba/Rev/F/Rev5/2021-22/1038622483(1), For The Assessment Year 2017-2018. 2. It Was Submitted By The Ld. Ar That There Is Delay Of 411 Days In Filing The Present Appeal, Which Was Due To Death Of The Accountant Of The Assessee, Who Was Looking After The Tax Matters Of The Assessee. The Affidavit Filed By The Assessee Has Not Been Found To Be False & The Reasons Given Are Found To Be Reasonable. Consequently, The Delay Of 411 Days In Filing The Appeal Is Condoned & Appeal Of The Assessee Is Disposed Off On Merits.

For Appellant: Shri Sunil Mishra, AdvocateFor Respondent: Shri M.K.Gautam, Pr.CIT(OSD)
Section 142(1)Section 143(3)Section 263

207 (Orissa), the order passed u/s.263 of the Act being one made without proper enquiry is liable to be quashed. 5. In reply, ld. CIT-Dr submitted that the assessment order is a non- speaking order and it is a very cryptic order which shows the non- application of mind by the AO. It was the submission that the revenue

KALINGA INSTITUTE OF INDUSTRIAL TECHNOLOGY,PATIA BHUNANESWAR vs. CIT(EXEMPTION), HYDERABAD

In the result, appeal of the assessee is allowed

ITA 177/CTK/2024[2018-19]Status: HeardITAT Cuttack15 Jul 2024AY 2018-19

Bench: Shri George Mathan & Shri Manish Agarwalआयकर अऩीऱ सं/Ita No.177/Ctk/2024 (ननधाारण वषा / Assessment Year : 2018-2019) Kalinga Institute Of Industrial Vs Cit (Exemption), Hyderabad Technology, Patia, Bhubaneswar Pan No. :Aaatk 3103 C (अऩीऱाथी /Appellant) .. (प्रत्यथी / Respondent) ननधााररती की ओर से /Assessee By : Shri S.K.Agrawalla, Ca राजस्व की ओर से /Revenue By : Shri Sanjay Kumar, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 15/07/2024 घोषणा की तारीख/Date Of Pronouncement : 15/07/2024

For Appellant: Shri S.K.Agrawalla, CAFor Respondent: Shri Sanjay Kumar, CIT-DR
Section 142(1)Section 143(1)Section 143(3)Section 154Section 263

207 (Orissa), as read out by the ld. CIT-DR, categorically shows that after hearing the assessee, to pass an order by making "such enquiry as he deems necessary". In the present case, clearly no enquiry has been done by the ld. CIT(E). The Hon'ble Jurisdictional High Court of Orissa in the said case further goes

PARADEEP PHOSPHATES LIMITED,BHUBANESWAR vs. ACIT, CORPORATE CIRCLE-1(2), BHUBANESWAR, BHUBANESWAR

In the result, appeal of the assessee i

ITA 23/CTK/2015[2006-07]Status: DisposedITAT Cuttack16 Apr 2018AY 2006-07
For Appellant: Shri B.K.Mahapatra, ARFor Respondent: Shri A.K.Mohapatra, CITDR

Section 17(3) of SICA. The OA submitted Draft Rehabilitation Scheme to the BIFR on 20.02.2008. After hearing the concerned parties BIFR finally sanctioned the Scheme based on its final hearing held on 02.09.2008 and issued the same vide its letter dated 03.10.2008. As per the Sanctioned Scheme, various unsecured creditors foregone a substantial amount of their outstanding amount