SPACE CHEM ENGINEERS PRIVATE LIMITED,GHAZIABAD vs. ITO WARD-2(3), GHAZIABAD

In the result the appeal filed by the assessee is allowed

Bench: Shri R.K. Pandaasstt. Year 2008-09

section 68 of the I.T. Act treated the same as unexplained cash credit and made addition of Rs. 30 lacs to the total income of the assessee. 9. Before Ld. CIT(A), the assessee, apart from challenging the addition on merit challenged the validity of reassessment proceedings. The assessee also filed certain documents in shape of additional evidences since

M/S. LAIRY DISTRIBUTORS PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, all the appeals of the assessees stand allowed on legal grounds Nos

Bench: Shri Chandra Mohan Garg & Shri L.P. Sahu

147, section 148, section 149, section 151 and section 153, in the case of a person where a search is initiated under section 132 or books of account, other documents or any assets are requisitioned under section 132A after the 31st day of May, 2003, the Assessing Officer shall - (a) issue notice to such person requiring him to furnish within

LNG SECURITIES SERVICES PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: : Shri C.M. Garg & Shri L.P. Sahu

reassessment order under Section 147 has been carried out by the AO taking it to be mistake obvious & apparent. But the AO chose not to consider these facts on an application by the Assessee on the ground that this does not get covered under Section 154. 6. However, the Hon'ble CIT(A) confirmed the addition made by the assessing

CIT vs. TEI TECHNOLOGIES PVT LTD

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

32A, 33, 35, 36(1)(ix), 72, 74, etc. Therefore, we submit that the computation of the amount of exemption u/s 10A should be strictly in respect of export profits of eligible undertaking. In this regard, it is submitted that the AO had reached at the figures of gross total income before computing the amount of exemption under section

CIT vs. TEI TECHNOLOGIES PVT LTD

Bench: CASES PERTAINING TO SPL.DIVISION BENCHES

32A, 33, 35, 36(1)(ix), 72, 74, etc. Therefore, we submit that the computation of the amount of exemption u/s 10A should be strictly in respect of export profits of eligible undertaking. In this regard, it is submitted that the AO had reached at the figures of gross total income before computing the amount of exemption under section