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7 results for “reassessment”+ Section 56(2)(viib)clear

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Key Topics

Section 14716Section 143(3)13Section 14813Section 26310Section 687Section 143(2)6Reassessment5Section 142(1)4Section 143(1)4Addition to Income

M/S STANCE CONSUMER ELECTRONICS PRIVATE LIMITED,NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CC-32, DELHI

In the result appeal of the assessee for AY 2017-18 in ITA No

ITA 2791/DEL/2025[2016-17]Status: DisposedITAT Delhi13 Feb 2026AY 2016-17

Bench: Shri Anubhav Sharma & Shri Manish Agarwalita Nos.2791 & 2792/Del/2025 (Assessment Yearss 2016-17 & 2017-18)

Section 143(3)Section 147Section 148Section 250Section 68

reassessment proceedings, identity and creditworthiness of both the parties were established by filing their confirmations and the acknowledge of their return of income. The Ld. AR of the assessee further claims that in the case of M/s Navyuga Consultancy Pvt. Ltd. the assessment for Assessment Year 2017-18 was completed u/s 143(3) wherein after considering the facts

M/S STANCE CONSUMER ELECTRONICS PRIVATE LIMITED,DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX, CC-32, DELHI

3
Bogus/Accommodation Entry2
Reopening of Assessment2

In the result appeal of the assessee for AY 2017-18 in ITA No

ITA 2792/DEL/2025[2017-18]Status: DisposedITAT Delhi13 Feb 2026AY 2017-18

Bench: Shri Anubhav Sharma & Shri Manish Agarwalita Nos.2791 & 2792/Del/2025 (Assessment Yearss 2016-17 & 2017-18)

Section 143(3)Section 147Section 148Section 250Section 68

reassessment proceedings, identity and creditworthiness of both the parties were established by filing their confirmations and the acknowledge of their return of income. The Ld. AR of the assessee further claims that in the case of M/s Navyuga Consultancy Pvt. Ltd. the assessment for Assessment Year 2017-18 was completed u/s 143(3) wherein after considering the facts

NKC PROJECTS PRIVATE LIMITED,JAIPUR vs. PCIT DELHI-4, DELHI

In the result, the appeal of the assessee is allowed

ITA 2804/DEL/2025[2020-21]Status: DisposedITAT Delhi24 Oct 2025AY 2020-21
Section 142(1)Section 143(3)Section 263

viib) as raised in SCN u/s 263 being beyond the scope of “limited scrutiny” is also beyond the scope of section 263. 15. Reliance is placed on the following Judicial Pronouncements: i) PCIT vs. Shark Mines and Minerals (P.) Ltd. [2023] 151 taxmann.com 71 (Orissa) "9. Indeed, the Court finds that the Madras High Court has while affirming the decision

JASRATI EDUCATION SOLUTIONS LIMITED,GURGAON vs. ADDITIONAL JOINT DEPUTY ASSISTANT COMMISSIONER OF INCOME TAX, DELHI

ITA 1148/DEL/2024[2018-19]Status: DisposedITAT Delhi21 Mar 2025AY 2018-19

Bench: Shri M. Balaganesh & Shri Anubhav Sharma

For Appellant: Shri Gaurav Jain, Advocate &For Respondent: Shri Dayainder Singh Sidhu, CIT-DR
Section 14Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 147Section 148Section 238Section 30(4)Section 31

56(2)(viib) rwr 11U & 11UA(2) of the Act, on account of excess consideration received towards share premium and further Rs. 1,40,00,000/- on account of unexplained payment made to M/s. Bhagawati Trading Co (Prop. Sanjiv Yadav) and income was assessed at Rs. 32,59,26,640/-. 5.3 The appellant vide his submission dated 04.08.2022, available

JASRATI EDUCATION SOLUTIONS LIMITED,GURGAON vs. ASSISTANT JOINT DEPUTY ASSISTANT COMMISSIONER OF INCOME TAX , DELHI

ITA 1147/DEL/2024[2013-14]Status: DisposedITAT Delhi21 Mar 2025AY 2013-14

Bench: Shri M. Balaganesh & Shri Anubhav Sharma

For Appellant: Shri Gaurav Jain, Advocate &For Respondent: Shri Dayainder Singh Sidhu, CIT-DR
Section 14Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 147Section 148Section 238Section 30(4)Section 31

56(2)(viib) rwr 11U & 11UA(2) of the Act, on account of excess consideration received towards share premium and further Rs. 1,40,00,000/- on account of unexplained payment made to M/s. Bhagawati Trading Co (Prop. Sanjiv Yadav) and income was assessed at Rs. 32,59,26,640/-. 5.3 The appellant vide his submission dated 04.08.2022, available

KRISHAN DEV VERMA,JAIPUR vs. ITO WARD - 1, BHIWANI

ITA 1147/DEL/2020[2014-15]Status: DisposedITAT Delhi06 Jan 2025AY 2014-15

Bench: Shri M. Balaganesh & Shri Anubhav Sharma

For Appellant: Shri Gaurav Jain, Advocate &For Respondent: Shri Dayainder Singh Sidhu, CIT-DR
Section 14Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 147Section 148Section 238Section 30(4)Section 31

56(2)(viib) rwr 11U & 11UA(2) of the Act, on account of excess consideration received towards share premium and further Rs. 1,40,00,000/- on account of unexplained payment made to M/s. Bhagawati Trading Co (Prop. Sanjiv Yadav) and income was assessed at Rs. 32,59,26,640/-. 5.3 The appellant vide his submission dated 04.08.2022, available

ACIT CIRCLE-16(2), NEW DELHI vs. MAX VENTURES INVESTMENT HOLDINGS PVT. LTD., NEW DELHI

In the result, the appeal of the Revenue is dismissed

ITA 1252/DEL/2020[2010-11]Status: DisposedITAT Delhi30 Nov 2022AY 2010-11

Bench: Shri N.K.Billaiya & Shri Kul Bharat[Assessment Year : 2010-11] Acit, Vs Max Venture Investment Holdings Circle-16(2), Pvt.Ltd., Max House, New Delhi. 1 Dr. Jha Marg, Okhla Phase-3, New Delhi-110020. Pan-Aaacd0213H Appellant Respondent Appellant By Ms. Sarita Kumari, Cit Dr Respondent By S/Shri Deepak Chopra, Adv., Rohan Khare, Adv. & Priyam Bhatnagar, Adv. Date Of Hearing 20.10.2022 Date Of Pronouncement 30.11.2022

Section 143(1)Section 147Section 148Section 68

56(2)(viib) of the Income Tax Act, 1961 should not be made. In response to the show caused, the assessee vide letter dated 10.04.2019 submitted reply. The reply of the assessee is being reproduced below:- “In connection of our submissions vide Point 5 of our letter dated 04.04.2019, it is submitted that mere non issuance of shares, after receipt