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3 results for “reassessment u/s 147”+ Section 148Aclear

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Key Topics

Section 1476Section 1483Section 271(1)(c)2Section 271(1)(b)2Section 1492Section 40A(2)(b)2Penalty2Reassessment2Limitation/Time-bar

INCOME TAX OFFICER, WARD-1, JHARSUGUDA, AAYAKAR BHAWAN, JHARSUGUDA vs. HIRAKHAND TRANSPORT AND MULTI PURPOSE CO-OPERATIVE SOCIETY LTD., BRAJARAJ NAGAR

ITA 282/CTK/2024[2015-2016]Status: HeardITAT Cuttack04 Sept 2024AY 2015-2016

Bench: Shri George Mathan & Shri Manish Agarwalआयकर अऩीऱ सं/Ita No.282/Ctk/2024 (ननधाारण वषा / Assessment Year : 2015-2016) Ito, Ward-1, Jharsuguda Vs Hirakhand Transport & Multi Purpose Cooperative Society Pvt. Ltd., At-Chingriguda, Bijapara, R Kudopali, Brajrajnagar, Jharsuguda-768216 Pan No. :Aaaah 5874 Q & प्रत्याक्षेऩ सं/Cross Objection No.04/Ctk/2024 (Arising Out Of Ita No.282/Ctk/2024) (ननधाारण वषा / Assessment Year : 2015-2016) Hirakhand Transport & Multi Vs Ito, Ward-1, Jharsuguda Purpose Cooperative Society Pvt. Ltd., At-Chingriguda, Bijapara, R Kudopali, Brajrajnagar, Jharsuguda-768216 Pan No. :Aaaah 5874 Q (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. ननधााररती की ओर से /Assessee By : Shri Anil Kumar Agrawala, Ca राजस्व की ओर से /Revenue By : Shri Sanjay Kumar, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 04/09/2024 घोषणा की तारीख/Date Of Pronouncement : 04/09/2024 आदेश / O R D E R Per Bench : This Is An Appeal Filed By The Assessee Against The Order Of The Ld. Cit(A), National Faceless Appeal Centre (Nfac), Delhi, Dated 15.05.2024, Passed In Din & Order No.Itba/Nfac/S/250/2024- 25/1064895008(1) For The Assessment Year 2015-2016, On The Following Grounds Of Appeal :-

For Appellant: Shri Anil Kumar Agrawala, CAFor Respondent: Shri Sanjay Kumar, CIT-DR
Section 147Section 148Section 151(1)Section 151(2)
2
Section 250
Section 251(1)(a)
Section 40A(2)(b)

148A(b) dated 02.06.2022 demonstrates acceptance of the case by the department being not a fit case to proceed further and hence no order u/s 147 was issued. Keeping the order u/s 147 alive which has become infructuous, is bad in law. 10. For that provisions of section 40A(2)(b) are not applicable to cooperative societies

S.B. COMBINE,CUTTACK vs. INCOME TAX OFFICER, WARD-1(1), CUTTACK, CUTTACK

In the result, appeals of the assessee stand allowed for statistical purposes

ITA 42/CTK/2025[2015-16]Status: DisposedITAT Cuttack01 Jul 2025AY 2015-16

Bench: S/Shri Duvvuru Rl Reddy(Kz) & Rajesh Kumar

For Appellant: Shri P.K.Mishra, AdvFor Respondent: Shri Prateek Ku. Mishra, Sr. DR
Section 147Section 148Section 149Section 271(1)(b)Section 271(1)(c)

section 148 and 148A of the Act. It was also submitted that in view of monetary limitation u/s.149 of the Act, since reassessment notice was issued after 3 years, it is not sustainable in the eye of law. It was also P a g e 2 | 4 ITA No.41/CTK/2025 Assessment Year :2015-16 submitted that assessee has submitted twice

S.B. COMBINE,CUTTACK vs. INCOME TAX OFFICER, WARD-1(1), CUTTACK, CUTTACK

In the result, appeals of the assessee stand allowed for statistical purposes

ITA 41/CTK/2025[2015-16]Status: DisposedITAT Cuttack01 Jul 2025AY 2015-16

Bench: S/Shri Duvvuru Rl Reddy(Kz) & Rajesh Kumar

For Appellant: Shri P.K.Mishra, AdvFor Respondent: Shri Prateek Ku. Mishra, Sr. DR
Section 147Section 148Section 149Section 271(1)(b)Section 271(1)(c)

section 148 and 148A of the Act. It was also submitted that in view of monetary limitation u/s.149 of the Act, since reassessment notice was issued after 3 years, it is not sustainable in the eye of law. It was also P a g e 2 | 4 ITA No.41/CTK/2025 Assessment Year :2015-16 submitted that assessee has submitted twice