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4 results for “reassessment u/s 147”+ Revision u/s 263clear

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Key Topics

Section 2638Section 143(3)8Section 2546Section 153A4Section 1474Revision u/s 2634Section 1542Section 153(3)(ii)2Addition to Income

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

revise the assessment order passed u/s. 147/143(3) dated 03.12.2018. Assessee furnished its reply to the show cause notice stating, 4 Kaushik Industries Pvt. Ltd., AY: 2011-12 inter alia, that case of the assessee was reopened u/s. 147 only to examine the cash deposit made by the assessee in its bank account which were duly explained

2
Undisclosed Income2

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)

147 would not alter that position. Explanation 3 only enables the Assessing Officer, once an assessment is reopened, to assess or reassess the income in respect of any issue, even an issue in respect of which no reasons were indicated in the notice under section 148(2). This, however, will not obviate the bar of limitation under section 263

JANARDAN MISRA,GUWAHATI vs. INCOME TAX OFFICER, WARD-1(3), GUWAHATI

ITA 260/GTY/2018[1992-93]Status: DisposedITAT Guwahati13 Dec 2019AY 1992-93

Bench: Shri S.S.Godara & Dr. A.L.Saini

Section 153(3)(ii)Section 254

u/s. 254 of the said Act, as mentioned in section 153(3)(ii) thereof, the appellant seeks to refer to the pronouncement of the Hon'ble Supreme Court in Rajinder Nath vs. Commissioner of Income Tax (1979) 120 ITR in this respect, more particularly the following paragraph from the judgment at pages 18-19 of the Reports: ‘The expression

JANARDAN MISHRA,GUWAHATI vs. INCOME TAX OFFICER, WARD-1(3), GUWAHATI

ITA 261/GTY/2018[1993-94]Status: DisposedITAT Guwahati13 Dec 2019AY 1993-94

Bench: Shri S.S.Godara & Dr. A.L.Saini

Section 153(3)(ii)Section 254

u/s. 254 of the said Act, as mentioned in section 153(3)(ii) thereof, the appellant seeks to refer to the pronouncement of the Hon'ble Supreme Court in Rajinder Nath vs. Commissioner of Income Tax (1979) 120 ITR in this respect, more particularly the following paragraph from the judgment at pages 18-19 of the Reports: ‘The expression