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5 results for “reassessment u/s 147”+ Section 142A(1)clear

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Key Topics

Section 14A7Section 56(2)(viia)4Condonation of Delay4Section 472

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-10(1), HYDERABAD vs. VERTEX PROJECTS LLP (FORMERLY M/S VERTEX PROJECTS LTD) , HYDERABAD

In the result, the appeal of Revenue is partly allowed for statistical purposes

ITA 1187/HYD/2018[2014-15]Status: DisposedITAT Hyderabad28 Apr 2023AY 2014-15

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2014-15 Acit,Circle-10(1) Vs. Vertex Projects Llp Room No.515, 5Th Floor, (Formerly M/S.Vertex A-Block, I.T.Towers, Projects Ltd.) A.C.Guards, #156-159, Paigah House Hyderabad. S.P.Road, Next To Pg College. Secunderabad-500 026. Pan : Aanfv0232C (Appellant) (Respondent) Assessee By: Shri Sriram Seshadri, Ca Revenue By: Shri Rajendra Kumar,Cit-Dr Date Of Hearing: 15.03.2023 Date Of Pronouncement: 28.04.2023 O R D E R Per Shri Laliet Kumar, J.M. This Is An Appeal Filed By The Revenue, Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals)-5, Dated 16.03.2018 For The Ay 2014-15, On The Following Grounds :

For Appellant: Shri Sriram Seshadri, CAFor Respondent: Shri Rajendra Kumar,CIT-DR
Section 115JSection 142(1)Section 143(2)Section 14ASection 14A(3)Section 47
Section 56
Section 56(2)(viia)
Section 56(2)(viiia)

1 in pursuance of the impugned notice issued by him against the appellant. Under these circumstances we do not propose to deal with the point of law sought to be raised by Mr. Nambiar. We would, however, like to add one direction in fairness to the appellants. The proceedings taken against both the appellants should continue and should be dealt

DY.CIT, CIRCLE-1(2),, HYDERABAD vs. M/S CONCORD DRUGS LTD.,, HYDERABAD

In the result appeals of the assessee in all the years under consideration are allowed and the appeals of the revenue are dismissed

ITA 1154/HYD/2014[2008-09]Status: DisposedITAT Hyderabad27 Mar 2019AY 2008-09

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahman

For Appellant: Shri P. Murali Mohana RaoFor Respondent: Shri Nilanjan Dey

u/s 147. For this proposition he submitted following case law: 1. Mahadev Rice & General Mills Vs. ACIT, 579/Chd/2014 2. ACIT Vs. Dhariya Constructions Co., 197 Taxman 202 (SC). c) Further, he submitted that reassessment proceedings cannot be made without recording a finding that the 9 I.T.A. No. 1901Hyd/17 and others Concord Drugs Ltd. escapement of income

DY.CIT, CIRCLE-1(2),, HYDERABAD vs. M/S CONCORD DRUGS LTD.,, HYDERABAD

In the result appeals of the assessee in all the years under consideration are allowed and the appeals of the revenue are dismissed

ITA 1152/HYD/2014[2006-07]Status: DisposedITAT Hyderabad27 Mar 2019AY 2006-07

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahman

For Appellant: Shri P. Murali Mohana RaoFor Respondent: Shri Nilanjan Dey

u/s 147. For this proposition he submitted following case law: 1. Mahadev Rice & General Mills Vs. ACIT, 579/Chd/2014 2. ACIT Vs. Dhariya Constructions Co., 197 Taxman 202 (SC). c) Further, he submitted that reassessment proceedings cannot be made without recording a finding that the 9 I.T.A. No. 1901Hyd/17 and others Concord Drugs Ltd. escapement of income

DY.CIT, CIRCLE-1(2),, HYDERABAD vs. M/S CONCORD DRUGS LTD.,, HYDERABAD

In the result appeals of the assessee in all the years under consideration are allowed and the appeals of the revenue are dismissed

ITA 1153/HYD/2014[2007]Status: DisposedITAT Hyderabad27 Mar 2019

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahman

For Appellant: Shri P. Murali Mohana RaoFor Respondent: Shri Nilanjan Dey

u/s 147. For this proposition he submitted following case law: 1. Mahadev Rice & General Mills Vs. ACIT, 579/Chd/2014 2. ACIT Vs. Dhariya Constructions Co., 197 Taxman 202 (SC). c) Further, he submitted that reassessment proceedings cannot be made without recording a finding that the 9 I.T.A. No. 1901Hyd/17 and others Concord Drugs Ltd. escapement of income

CONCORD DRUGS LIMITED,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(2), HYDERABAD

In the result appeals of the assessee in all the years under consideration are allowed and the appeals of the revenue are dismissed

ITA 1901/HYD/2017[2006-07]Status: DisposedITAT Hyderabad27 Mar 2019AY 2006-07

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahman

For Appellant: Shri P. Murali Mohana RaoFor Respondent: Shri Nilanjan Dey

u/s 147. For this proposition he submitted following case law: 1. Mahadev Rice & General Mills Vs. ACIT, 579/Chd/2014 2. ACIT Vs. Dhariya Constructions Co., 197 Taxman 202 (SC). c) Further, he submitted that reassessment proceedings cannot be made without recording a finding that the 9 I.T.A. No. 1901Hyd/17 and others Concord Drugs Ltd. escapement of income