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1 result for “reassessment”+ Section 548clear

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Key Topics

Section 143(3)3Section 1472Section 1482

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 2, DIBRUGARH vs. T & T PROJECTS LTD., GUWAHATI

In the result and for the reasons discussed above, we find no merit in this appeal

ITA 208/GTY/2017[2010-11]Status: DisposedITAT Guwahati02 Aug 2019AY 2010-11

Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.208/Gau/2017 ("नधा"रणवष" / Assessment Year:2010-11)

For Appellant: Shri A.K. Bhardwaj, Addl. CITFor Respondent: Shri Ramesh Goenka, Advocate
Section 143(3)Section 147Section 148

548/- as dividend and profit from joint Venture respectively but did not add back in income from fixed deposits of Rs.1,34,99,632/- and miscellaneous income of Rs.57,740/-. Hence, there was an escapement of income to the tune of Rs.1,35,57,372/-( Rs.1,34,99,632 +Rs.57,740). Accordingly, the case was selected for reassessment under section