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93 results for “reassessment u/s 147”+ Section 56(2)(vii)clear

Sorted by relevance

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Key Topics

Section 153C183Section 13272Addition to Income64Search & Seizure45Section 6943Section 139(1)43Section 14826Section 14724Section 143(3)

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

Showing 1–20 of 93 · Page 1 of 5

20
Section 56(2)(vii)11
Disallowance11
Limitation/Time-bar8
Section 56
Section 56(2)(viia)
Section 56(2)(viiia)

u/s section 147 / 148 of the Act, the coordinate Bench had held as under : “22. Coming back to our point we have to examine whether protective assessment/addition is possible under section 147 in respect of the same person and for the same period. When a regular assessment is made and later on it comes to the notice of the Assessing

KRISHNA MURTHY ELLA,HYDERABAD vs. DCIT-CIRCLE-1(2), HYDERABAD

In the result, appeal filed by the assessee is allowed

ITA 585/HYD/2023[2014-15]Status: DisposedITAT Hyderabad14 Aug 2024AY 2014-15

Bench: Shri Manjunatha, G. & Shri K. Narasimha Charyआ.अपी.सं /Ita No.585/Hyd/2023 & Sa No.10/Hyd/2024 (Arising Out Of Ita No.585/Hyd/2023) (िनधा"रण वष"/Assessment Year: 2014-15) Shri Krishna Murthy Ella Vs. Dy. C. I. T. Hyderabad Circle 1(2) Pan:Aacpe6389G Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Smt. Sheetal Sarin, Dr सुनवाई की तारीख/Date Of Hearing: 18/07/2024 घोषणा की तारीख/Pronouncement: 14/08/2024 आदेश/Order

For Appellant: Shri P Murali Mohan Rao, CAFor Respondent: : Smt. Sheetal Sarin, DR
Section 147Section 148Section 56(2)(vii)

u/s 56(2)(vii)(c) of the Act, the law is very clear, where an assessee receives any property other than the immovable property for a consideration which is less than the aggregate fair market value of the property by an amount exceeding Rs.50,000, the aggregate fair market value of such property as exceeded such consideration should be treated

ASRA AHMED ,HYDERABAD vs. ADIT (INTERNATIONAL TAXATION)-2, HYDERABAD

In the result, appeal filed by the assessee in I

ITA 157/HYD/2024[2017-18]Status: DisposedITAT Hyderabad29 Oct 2024AY 2017-18

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं / Ita No.156/Hyd/2024 (निर्धारण वर्ा / Assessment Year: 2017-18)

For Respondent: Shri B.Bala Krishna, CIT, DR
Section 132Section 144C(13)Section 144C(5)Section 148Section 153ASection 153BSection 153CSection 48Section 56

56(2)(vii) of the Act. The DRP, vide directions issued u/s 144C(5) of the Act on 26/12/2023, rejected the objections filed by the assessee and upheld the additions proposed by the Ld.AO. Thereafter, the Ld.AO passed final assessment order u/s 153C r.w.s.144C(13) of the Act, on 19/01/2024 and determined the total income at Rs.4

SYED AHMED ZEESHANUDDIN,HYDERABAD vs. ADIT (INTERNATIONAL TAXATION)-2 , HYDERABAD

In the result, appeal filed by the assessee in I

ITA 156/HYD/2024[2017-18]Status: DisposedITAT Hyderabad29 Oct 2024AY 2017-18

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं / Ita No.156/Hyd/2024 (निर्धारण वर्ा / Assessment Year: 2017-18)

For Respondent: Shri B.Bala Krishna, CIT, DR
Section 132Section 144C(13)Section 144C(5)Section 148Section 153ASection 153BSection 153CSection 48Section 56

56(2)(vii) of the Act. The DRP, vide directions issued u/s 144C(5) of the Act on 26/12/2023, rejected the objections filed by the assessee and upheld the additions proposed by the Ld.AO. Thereafter, the Ld.AO passed final assessment order u/s 153C r.w.s.144C(13) of the Act, on 19/01/2024 and determined the total income at Rs.4

BHUVANESH INFRA VENTURES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1890/HYD/2018[2012-13]Status: DisposedITAT Hyderabad30 Aug 2022AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

SASHI INFRA VENTURES PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 575/HYD/2018[2012-13]Status: DisposedITAT Hyderabad30 Aug 2022AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

KARISMA TOWN SHIP PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 577/HYD/2018[2012-13]Status: DisposedITAT Hyderabad30 Aug 2022AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

PRADEEPTHI INFRACON PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1883/HYD/2018[2012-13]Status: DisposedITAT Hyderabad30 Aug 2022AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

HARITHA PRABHA AGRO PROJECTS PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 581/HYD/2018[2011-12]Status: DisposedITAT Hyderabad30 Aug 2022AY 2011-12

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

AMRUTHA AGRO ESTATES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1881/HYD/2018[2011-12]Status: DisposedITAT Hyderabad30 Aug 2022AY 2011-12

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

ATLANTA ROCK GARDENS PRIVATE LIMITED ,CHENNAI vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1660/HYD/2018[2012-13]Status: DisposedITAT Hyderabad30 Aug 2022AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

BANDHO REAL ESTATES PRIVATE LIMITED ,CHENNAI vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1885/HYD/2018[2012-13]Status: DisposedITAT Hyderabad30 Aug 2022AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

RL AVENUE PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 194/HYD/2018[2011-12]Status: DisposedITAT Hyderabad30 Aug 2022AY 2011-12

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

ALDER INFRA VENTURES PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 199/HYD/2018[2012-13]Status: DisposedITAT Hyderabad30 Aug 2022AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

ARKAMITRA REALTERS PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1662/HYD/2018[2012-13]Status: DisposedITAT Hyderabad30 Aug 2022AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

AMRUTHA AGRO ESTATES PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1674/HYD/2018[2013-14]Status: DisposedITAT Hyderabad30 Aug 2022AY 2013-14

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

GREENWOOD INFRACON INDIA PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1661/HYD/2018[2012-13]Status: DisposedITAT Hyderabad30 Aug 2022AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

BUDHAPALITA TIMBER ESTATES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1665/HYD/2018[2013-14]Status: DisposedITAT Hyderabad30 Aug 2022AY 2013-14

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

PULANE CONSTRUCTIONS PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1748/HYD/2018[2013-14]Status: DisposedITAT Hyderabad30 Aug 2022AY 2013-14

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

ASPEN INFRA VENTURES INDIA PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 1747/HYD/2018[2012-13]Status: DisposedITAT Hyderabad30 Aug 2022AY 2012-13

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

Section 132Section 153C

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised