MSN ORGANICS PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeals filed by the assessee for A

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Ble

reassess the total income of six years immediately preceding the assessment year relevant to the previous year in which search is conducted. Applying this yardstick, the six years would go up to 2013-14. The search assessment year, namely, 2019-20 has to be excluded. This is because, the statute talks of the six years preceding the search assessment year

MSN PHARMACHEM PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

reassess the total\nincome of six years immediately preceding the assessment year relevant to\nthe previous year in which search is conducted. Applying this yardstick, the\nsix years would go up to 2013-14. The search assessment year, namely,\n2019-20 has to be excluded. This is because, the statute talks of the six\nyears preceding the search assessment year

MSN PHARMACHEM PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

reassess the total\nincome of six years immediately preceding the assessment year relevant to\nthe previous year in which search is conducted. Applying this yardstick, the\nsix years would go up to 2013-14. The search assessment year, namely,\n2019-20 has to be excluded. This is because, the statute talks of the six\nyears preceding the search assessment year

MSN ORGANICS PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

reassess the total\nincome of six years immediately preceding the assessment year relevant to the\nprevious year in which search is conducted. Applying this yardstick, the\nsix years would go up to 2013-14. The search assessment year, namely,\n2019-20 has to be excluded. This is because, the statute talks of the six\nyears preceding the search assessment year

MSN ORGANICS PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

reassess the total\nincome of six years immediately preceding the assessment year relevant to the\nprevious year in which search is conducted. Applying this yardstick, the\nsix years would go up to 2013-14. The search assessment year, namely,\n2019-20 has to be excluded. This is because, the statute talks of the six\nyears preceding the search assessment year

MSN ORGANICS PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

reassess the total\nincome of six years immediately preceding the assessment year relevant to\nthe previous year in which search is conducted. Applying this yardstick, the\nsix years would go up to 2013-14. The search assessment year, namely,\n2019-20 has to be excluded. This is because, the statute talks of the six\nyears preceding the search assessment year

MSN LABORATORIES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

reassess the total\nincome of six years immediately preceding the assessment year relevant to the\nprevious year in which search is conducted. Applying this yardstick, the\nsix years would go up to 2013-14. The search assessment year, namely,\n2019-20 has to be excluded. This is because, the statute talks of the six\nyears preceding the search assessment year

DEMI REALTORS,HYDERABAD vs. DCIT, CIRCLE-6(1), HYDERABAD

In the result, the appeal of the assessee is partly allowed for statistical purposes on the above terms

Bench: Shri R.K. Panda & Shri Laliet Kumar

reassessment or re-computation, as envisaged in Section 132B(1)(i) of the Act. The Appellant in this regard three orders passed by Hon’ble ITAT Benches viz., (i) ACIT Vs. Narendra N. Thacker [(2016) 45 ITR Trib 188 (Kol)]; (ii) unreported judgement in ACIT Vs. Sajjan Singh and (iii) unreported order in Arun Bansal, Delhi Vs. ACIT, Delhi

MSN LABORATORIES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

reassess the total\nincome of six years immediately preceding the assessment year relevant to\nthe previous year in which search is conducted. Applying this yardstick, the\nsix years would go up to 2013-14. The search assessment year, namely,\n2019-20 has to be excluded. This is because, the statute talks of the six\nyears preceding the search assessment year

MSN LABORATORIES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

reassess the total\nincome of six years immediately preceding the assessment year relevant to\nthe previous year in which search is conducted. Applying this yardstick, the\nsix years would go up to 2013-14. The search assessment year, namely,\n2019-20 has to be excluded. This is because, the statute talks of the six\nyears preceding the search assessment year

MSN LABORATORIES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

reassess the total\nincome of six years immediately preceding the assessment year relevant to the\nprevious year in which search is conducted. Applying this yardstick, the\nsix years would go up to 2013-14. The search assessment year, namely,\n2019-20 has to be excluded. This is because, the statute talks of the six\nyears preceding the search assessment year

MSN LIFE SCIENCES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeal of assessee in ITA No

206 | 17,94,442 | 51,22,781 | | 6,83,51,062\n2016-17 | 4,55,32,945 | 1,28,39,052 | 14,20,467 | 47,71,521 | | 6,45,63,985\n2017-18 | 4,12,58,374 | 1,99,12,082 | 57,87,267 | 18,43,047 | 47,61,798 | | 7,35,62,568\n2018

MSN LIFE SCIENCES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

206 | 17,94,442 | 51,22,781 | - | 6,83,51,062 |\n| 2016-17 | 4,55,32,945 | 1,28,