MIRNAL MEHTA,CUTTACK vs. ITO WRD-2(4), , CUTTACK

In the result, appeal of the assessee is allowed

u/s 143(3). As per Assessment order under section 147 read with sec 144B dt 30.03.2022, it can be seen that the reopen reason was cash deposits in State Bank of India having account No. 30926528935. As per AO the information was received from CRIU/VRU Section ( borrowed information by AO ) that heavy cash is deposited in the State Bank

BALARAM GIRI,BENGALURU vs. INCOME TAX OFFICER, WARD-1, BARIPADA

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: SHRI GEORGE MATHAN, JUDICIAL MEMBER SHRI LAXMI PRASAD SAHU (Accountant Member)

144B of the Act dated 22-03-2023, issued by the Leamed AO, National Faceless Assessment Centre, is erroneous, contrary to the facts of the case, and liable to be set aside. 3. The Learned AO has issued the subject assessment order in violation to principles of natural justice, without providing sufficient opportunities to produce necessary documents: 4. The Leamed

S S BRAHMA EDUCATIONAL TRUST,MAYURBHANJ vs. PRINICIPAL COMMISSIONER OF INCOME TAX, PCIT, SAMBALPUR, SAMBALPUR

In the result, appeal of the assessee is allowed

reassessment proceedings for the impugned assessment year were initiated by issue of notice dated 30.03.2021 and the assessment order u/s.147 r,w,s,144B was passed on 20.03.2022. From the perusal of series of events, it is seen that when the notice u/s.148 of the Act was issued, the assessee was granted registration u/s.12AA of the Act w.e.f. A.Y.2020-2021