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2 results for “reassessment”+ Section 276clear

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Key Topics

Section 143(3)5Section 1543Section 1483Section 2632Section 142(1)2

M/S BSN JOSHI & SONS LTD,KHURDA vs. ACIT, BHUBANESWAR

In the result, appeal filed by the assessee is allowed

ITA 6/CTK/2011[2003-04]Status: DisposedITAT Cuttack08 Aug 2019AY 2003-04

Bench: Shri Chandra Mohan Garg & Laxmi Prasad Sahuassessment Year : 2003-2004

For Appellant: Shri P.C.Sethi, ARFor Respondent: Shri Subhendu Dutta, DR
Section 143(3)Section 147Section 148

reassessment proceedings cannot be initiated. The Assessing Officer, however, did not accept the contention of the assessee and observed as follows: 1) Though it is claimed by the assessee that the receipts on account of supervision & service charges have been accounted for in the books in cash basis, no documentary evidence in support of its claim was produced

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

276 ITR 154 (MP), wherein the Hon’ble Madhya Pradesh High Court has categorically held that the original order was subjected by the AO to rectification u/s.154 of the Act, then such original order was no more amenable to revision and it was only order passed u/s.154 of the Act, which could be revised. The Hon’ble Madhya Pradesh High