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3 results for “reassessment”+ Section 194Cclear

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Key Topics

Section 1477Section 1486Section 143(3)4Addition to Income3Section 139(1)2Section 1392Section 194A2Section 402TDS2Disallowance

SANGHI TEXTILES PRIVATE LIMITED,HYDERBAD vs. ITO., WARD-3(1), HYDERABAD

ITA 1311/HYD/2025[2014-15]Status: DisposedITAT Hyderabad07 Jan 2026AY 2014-15

Bench: Us:

Section 139(1)Section 143(2)Section 145Section 147Section 148Section 194ASection 250Section 37(1)

reassessment proceedings are void ab initio as the AO lacked tangible material and formed no proper belief of income escapement. The appellant also challenges jurisdiction on technical grounds, including alleged non-furnishing of reasons and lack of approval under section 151. 5.1.2. It is an admitted fact that the appellant had failed to file the return of income

2

ACIT., CIRCLE-6(1), HYDERABAD vs. NEW CLUB, HYDERABAD

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

ITA 958/HYD/2025[2018-19]Status: DisposedITAT Hyderabad04 Feb 2026AY 2018-19

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

For Appellant: Shri V. Srinivas, CAFor Respondent: : Dr. Sachin Kumar, SR-DR
Section 139Section 139(1)Section 147Section 148Section 148ASection 194ASection 69A

reassessment proceedings, the Ld. AO noticed that the assessee had deposited cash amounting to Rs.1,94,38,894/- in its bank account but had not declared the source of such deposits by filing the return of income along with supporting documentary evidence. The Ld. AO further observed that no documentary evidence such as names of persons from whom cash were

BHARGAVI MARKETERS,HYDERABAD vs. ITO., WARD 6(1), HYDERABAD

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

ITA 732/HYD/2024[2016-17]Status: DisposedITAT Hyderabad05 Dec 2024AY 2016-17

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdiaassessment Year: 2016-17 Bhargavi Marketers, Vs. The Income Tax Officer, Ward – 6(1), Hyderabad. Hyderabad. Pan : Aapfb3209D (Appellant) (Respondent) Assessee By: Shri V. Venkata Rao, C.A. Revenue By: Ms. Kavitha Rani, Sr.A.R. Date Of Hearing: 04.12.2024 Date Of Pronouncement: 05.12.2024

For Appellant: Shri V. Venkata Rao, C.AFor Respondent: Ms. Kavitha Rani, Sr.A.R
Section 143(3)Section 147Section 148Section 194CSection 270ASection 40Section 40a

section 147 of the Income Tax Act, 1961. It is regretted to note that you have neither filed your return of income for the AY u/s 139 of the Act nor in response to the notice u/s 148.” 7. The ld.AR further submitted that the reasons for re-opening of the assessment are available at page 2 of the assessment