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26 results for “reassessment”+ Section 263(2)clear

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Key Topics

Section 26321Section 143(3)13Section 6810Addition to Income7Section 2546Section 153D6Section 2505Revision u/s 2635Section 69C4Section 153A

VINAY BAWRI,KOLKATA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, GUWAHATI

In the result, the appeal of the assessee is allowed

ITA 42/GTY/2021[2013-14]Status: DisposedITAT Guwahati22 Sept 2023AY 2013-14

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

Section 143(3)Section 153(3)Section 153ASection 154Section 263Section 263(1)

reassessment was any issue raised or decided in respect of the deductions under section 36(1)(vii), (viia) and the foreign exchange rate difference. The order of the Commissioner under section 263(2

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. BHAGWATI DEVII BAMALWA , DIBRUGARH

Showing 1–20 of 26 · Page 1 of 2

4
Undisclosed Income3
Limitation/Time-bar2

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 59/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE-1, DIBRUGARH vs. VINOD BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 66/GTY/2023[2013-14]Status: DisposedITAT Guwahati01 Sept 2023AY 2013-14

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. VISHAL BAMALWA , DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 60/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE-1, DIBRUGARH vs. SHEETAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 64/GTY/2023[2013-14]Status: DisposedITAT Guwahati01 Sept 2023AY 2013-14

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE-1, DIBRUGARH vs. PRAMOD KUMAR BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 65/GTY/2023[2013-14]Status: DisposedITAT Guwahati01 Sept 2023AY 2013-14

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE-1, DIBRUGARH vs. VINAY BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 61/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. HANS RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 55/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

DCIT, CIRCLE-1, DIBRUGARH vs. BAJRANG LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 51/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE-1, DIBRUGARH vs. BACHH RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 53/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. USHA BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 57/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. HANS RAJ BAMALWA (HUF), DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 56/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE-1, DIBRUGARH vs. BACHH RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 54/GTY/2023[2015-16]Status: DisposedITAT Guwahati01 Sept 2023AY 2015-16

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. MEENAKSHI BAMALWA SONI, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 58/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

DCIT, CIRCLE-1, DIBRUGARH vs. BAJRANG LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 52/GTY/2023[2013-14]Status: DisposedITAT Guwahati01 Sept 2023AY 2013-14

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE-1, DIBRUGARH vs. MADAN LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 63/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

D.C.I.T., CIRCLE-1, DIBRUGARH vs. RAVI BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 62/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2. The A.O. had also referred to his examination of price movement in the shares of Twenty First Century (India) Ltd.. The A.O. tried to give a color of ingenuity to the increase in prices of shares of Twenty First Century (India) Ltd. by trying to correlate it with the low income and fundamentals of the company

SHRI PRABAL ROY CHOUDHURY,SILCHAR vs. INCOME TAX OFFICER, WARD-2, SILCHAR

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

ITA 213/GTY/2019[2012-13]Status: DisposedITAT Guwahati19 Dec 2022AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 143(1)Section 143(2)Section 143(3)Section 144Section 250Section 263

2. Ground taken for adjudication is shown below:- (i) Seeking your natural justification for the selection of revision under section 263 as the notice is filled with malpractice facts and figures 3 Assessment Year: 2012-2013 Prabal Roy Choudhury, Silchar and detection of the case is null and void. Thus seeking your natural justification. 3. In response to notice, Shri

KAUSHIK INDUSTRIES (P) LIMITED,TINSUKIA vs. INCOME TAX OFFICER, WARD-1, TINSUKIA

In the result, appeal of the assessee is allowed

ITA 11/GTY/2022[2011-12]Status: DisposedITAT Guwahati09 Jun 2023AY 2011-12

Bench: Shri Sanjay Garg & Shri Girish Agrawal

For Appellant: Shri Sanjay Mody, FCAFor Respondent: Shri N. T. Sherpa, JCIT
Section 143(3)Section 147Section 147(1)Section 148Section 263

reassessment proceedings u/s. 148. The assessment order giving effect to the order of Ld. Pr. CIT will still be an order passed u/s. 147 read with sec. 143(3) read with section 263 of the Act. This exercise at the end of Ld. AO will be a futile exercise only. Thus, considering this scenario, the contentions of the Ld. Counsel

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - AGARTALA , AGARTALA vs. SHRI SUBHAJIT PAUL, AGARTALA

In the result, cross-objection nos

ITA 116/GTY/2018[2014-15]Status: DisposedITAT Guwahati31 Jul 2020AY 2014-15

Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.116/Gau/2018 ("नधा"रणवष" / Assessment Year:2014-15)

For Appellant: Shri Rockein Saikia, JCIT, Sr. DRFor Respondent: Shri Sanjay Modi, FCA
Section 143(2)Section 143(3)Section 153D

263 of the said Act. The Hon'ble Madras High Court was Page | Page | Page | Shri Subhajit Paul ITA No.116/Gau/2018 & C.O. No. 16/Gau/2018 Assessment Year:2014-15 pleased to hold that it is not hit by provisions of Sec. 275 of the Act. In Prabu DayalAmichand Vs. CIT (Supra), the Hon'ble High Court of Madhya Pradesh with reference