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28 results for “reassessment”+ Section 254clear

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Key Topics

Section 143(3)40Section 153A19Addition to Income19Section 6813Section 14712Depreciation11Disallowance10Section 1327Section 143(2)7Unexplained Investment

SHRI VIKRAM SINGH PUAR SON & LR OF LATE TUKOJI ROA PUAR,DEWAS vs. THE PR. CIT-1, BHOPAL

The appeal of the assessee is hereby allowed

ITA 407/IND/2016[2011-12]Status: DisposedITAT Indore20 May 2020AY 2011-12

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2011-12 Vikram Singh Paur, Pr. Cit Son & Legal Heir Of Late Shri Bhopal बनाम/ Tukoji Rao Puar Vs. Dewas (Appellant) (Revenue ) P.A. No.Agdpp8186B Appellant By Shri Girish Agrawal, Ca Revenue By Shri S.B. Prasad, Cit-Dr Date Of Hearing: 27.01.2020 Date Of Pronouncement: 20 .05.2020 आदेश / O R D E R Per Kul Bharat, J.M: This Appeal By The Assessee Is Directed Against Order Of Pr. Cit, Bhopal Dated 18.03.2016 For The Assessment Year

Section 263Section 292B

254(2). 3. In the instant case on the matter being recalled with a very specific objective, what has to be examined is whether Ld. Pr.CIT has made purely typographical error by passing the order u/s 263 in the name of deceased assessee, Late Shri Tukoji Rao Puar, more particularly when the fact of death was informed

MOHD HUSSAIN KAGDI,RATLAM vs. THE IT&TP, BHOPAL

Appeal is allowed

Showing 1–20 of 28 · Page 1 of 2

7
Section 2636
Reassessment5
ITA 120/IND/2021[2011-12]Status: DisposedITAT Indore05 Feb 2024AY 2011-12

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year:2011-12 Mohd. Hussain Kagdi, Ito (I.T. & T.P.), 15, Tripoliya Gate, Bhopal बनाम/ Ratlam Vs. (Appellant/Assessee) (Respondent/Revenue) Pan: Atzpk 4811 B Assessee By Shri Rajesh Mehta, Ca & Shri Apurva Mehta, Ca Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 04.01.2024 Date Of Pronouncement 05.02.2024

Section 143(2)Section 143(3)Section 147Section 148Section 149Section 151Section 254(2)Section 69Section 69A

reassessment proceedings are liable to be quashed.” 2. This is a re-called matter. Originally, this appeal was decided by ITAT, Indore Bench through order dated 12.01.2023. Subsequently, the Respondent/Revenue filed M.A. No. 30/Ind/2023 requesting for recalling of order in terms of Section 254

THE ACIT, 5(1), INDORE vs. M/S. REGAL IRON & STEEL WORKS, INDORE

In the result the appeal of the revenue is dismissed

ITA 1357/IND/2016[2011-12]Status: DisposedITAT Indore26 Jul 2018AY 2011-12

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2011-12 Assistant Commissioner Of Regal Iron & Steel Works, Income Tax 5(1) Vs. 38, Kibe Compound, Indore Indore (Revenue) (Respondent ) Pan No.Aadfr7119L Revenue By Shri Rajiv Jain, Sr.Dr Assessee By Shri Manjit Sachdeva & Avinash Gaur, Advocates Date Of Hearing 11.7.2018 Date Of 26.7.2018 Pronouncement

Section 143(2)Section 143(3)Section 68

Section 254 of the IT Act and framed order on 28.3.2014 thereby accepting the assessee’s genuine claim of loan of Rs.50,00,000/- of N.F. Farms and did not Regal Iron & Steel Works made any addition u/s 68 of the Act. During the set aside proceedings the Ld.A.O carried out detailed verification of the agriculture land owned

DCIT, 3(1), INDORE vs. M/S. KALANI INDUSTRIES PVT. LTD., INDORE

In the result appeals of the revenue & assessee are

ITA 453/IND/2018[2010-11]Status: DisposedITAT Indore13 Mar 2020AY 2010-11

Bench: Shri Kul Bharat & Shri Manish Borad

section 132(4) has no relevance. The appellant reserve the right to add, amend or alter the grounds of appeal on or before the date; the appeal is finally heard for disposal. The assessee has raised following grounds of appeal in CO No.25 & 26/Ind/2017 (Pankaj Kalani & Dipak Kalani): 1.1] That on the facts and in the circumstances of the case

THE DCIT 1(1), INDORE vs. M/S FLEXITUFF INTERNATIONAL LTD., INDORE

In the result appeals of the revenue & assessee are

ITA 448/IND/2018[2009-10]Status: DisposedITAT Indore13 Mar 2020AY 2009-10

Bench: Shri Kul Bharat & Shri Manish Borad

section 132(4) has no relevance. The appellant reserve the right to add, amend or alter the grounds of appeal on or before the date; the appeal is finally heard for disposal. The assessee has raised following grounds of appeal in CO No.25 & 26/Ind/2017 (Pankaj Kalani & Dipak Kalani): 1.1] That on the facts and in the circumstances of the case

DCIT, 3(1), INDORE vs. M/S. KALANI INDUSTRIES PVT. LTD., INDORE

In the result appeals of the revenue & assessee are

ITA 451/IND/2018[2008-09]Status: DisposedITAT Indore13 Mar 2020AY 2008-09

Bench: Shri Kul Bharat & Shri Manish Borad

section 132(4) has no relevance. The appellant reserve the right to add, amend or alter the grounds of appeal on or before the date; the appeal is finally heard for disposal. The assessee has raised following grounds of appeal in CO No.25 & 26/Ind/2017 (Pankaj Kalani & Dipak Kalani): 1.1] That on the facts and in the circumstances of the case

THE ACIT, 3(1), INDORE vs. M/S. KALANI INDUSTRIES PVT. LTD., INDORE

In the result appeals of the revenue & assessee are

ITA 452/IND/2018[2009-10]Status: DisposedITAT Indore13 Mar 2020AY 2009-10

Bench: Shri Kul Bharat & Shri Manish Borad

section 132(4) has no relevance. The appellant reserve the right to add, amend or alter the grounds of appeal on or before the date; the appeal is finally heard for disposal. The assessee has raised following grounds of appeal in CO No.25 & 26/Ind/2017 (Pankaj Kalani & Dipak Kalani): 1.1] That on the facts and in the circumstances of the case

M/S RADHISHWARI DEVLOPERS P LTD,INDORE vs. PR CIT -2 INDORE, INDORE

In the result, Assessee’s appeal in ITANo

ITA 493/IND/2018[13-14]Status: DisposedITAT Indore20 Jul 2021

Bench: Hon’Ble Rajpal Yadav & Hon’Ble Manish Boradvirtual Hearing Assessment Year 2013-14 M/S. Radhishwari Developers P. Ltd. (Now Known As R.C. Warehousing Pvt. Ltd. ) Indore : Appellant Pan :Aafcr1916A V/S Pr. Cito-2 : Respondent Indore Appellant By S/Shri Sumit Nema Sr. Adv. With Gagan Tiwari & Piyush Parashar Advs. Revenue By Shri S.S. Mantri, Cit-Dr Date Of Hearing 24.05.2021 Date Of Pronouncement 20.07.2021

Section 133(6)Section 143(2)Section 143(3)Section 263

reassessment by invoking the provisions of section 263 may kindly be dropped. Without prejudice to the above as far as merit of the issues reaised in show-cause notice in question are concerned, we have to submit that the learned Assessing Officer has issued notices u/s 133(6) in loan creditor companies (supra). That after getting the requisite details

RAJ KUMAR PALIA,BHOPAL vs. DEPUTY COMMISSIONER OF INCOME TAX - ITARSI, CAMP AT BHOPAL, BHOPAL

Appeal is dismissed

ITA 453/IND/2025[2009-10]Status: DisposedITAT Indore03 Feb 2026AY 2009-10

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year:2009-10 Raj Kumar Paliya Dcit/Acit M/S. Da Construction

Section 139Section 143(2)Section 143(3)Section 144Section 147Section 148Section 40

254 of the I.T. Act 1961 wherein claim of depreciation on truck was allowed @ 7.5% and 25%. g. The present appeal is against this order of the Assessing Officer. 5.1.2 The Assessing Officer made the claim in re-assessment proceedings. It may be appreciated that re-assessment proceedings are for the enhancement of income

THE DCIT, 2(1), INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

ITA 244/IND/2017[2012-13]Status: DisposedITAT Indore25 Jan 2023AY 2012-13

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri S. S. Deshpande, CAFor Respondent: Shri P.K. Mishra, CIT-DR
Section 132Section 132(4)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 68

reassessment of the firm under section 143(3) read with section 148 wherein the impugned share of profit was offered to tax was completed and accepted by the Revenue. There is no material with the AO to demonstrate that firm was not genuine, and its activities were doubtful nature, and that the impugned amount of Rs.25,76,208/- represented unexplained

THE DCIT, 2(1), INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

ITA 309/IND/2017[2013-14]Status: DisposedITAT Indore25 Jan 2023AY 2013-14

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri S. S. Deshpande, CAFor Respondent: Shri P.K. Mishra, CIT-DR
Section 132Section 132(4)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 68

reassessment of the firm under section 143(3) read with section 148 wherein the impugned share of profit was offered to tax was completed and accepted by the Revenue. There is no material with the AO to demonstrate that firm was not genuine, and its activities were doubtful nature, and that the impugned amount of Rs.25,76,208/- represented unexplained

JCIT(OSD),-2(1),INDORE, INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

ITA 441/IND/2018[2014-15]Status: DisposedITAT Indore25 Jan 2023AY 2014-15

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri S. S. Deshpande, CAFor Respondent: Shri P.K. Mishra, CIT-DR
Section 132Section 132(4)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 68

reassessment of the firm under section 143(3) read with section 148 wherein the impugned share of profit was offered to tax was completed and accepted by the Revenue. There is no material with the AO to demonstrate that firm was not genuine, and its activities were doubtful nature, and that the impugned amount of Rs.25,76,208/- represented unexplained

M/S SHIVALIKA REALITIES P LTD,INDORE vs. ITO 5(1) , INDORE

In the result of appeals of the assessee for AY 2008-09 and AY 2009-10 vide ITA no

ITA 94/IND/2018[2009-10]Status: DisposedITAT Indore04 Oct 2021AY 2009-10

Bench: Hon’Ble Rajpal Yadav & Shri Manish Boradvirtual Hearing Assessment Year: 2008-09 & Assessment Year: 2009-10

254 Taxman 384 (Guj. )(HC) x) Deepraj Hospital (P) Ltd. v. ITO, 41/AGRA/2017, AY: 2010-11 Dtd:01/06/2018 (Agra)(Trib) xi) ITO v. Reliance Corporation (2017) 55 ITR 69 (SN) (Mum.) (Trib.) 3.00 ENTIRE REASONS FOR RE-OPENING ARE BASED ON ADDITIONS MADE BY SOME OTHER AO IN SOME OTHER ASSESSEE That, from the statement of reasons recorded

M/S SHIVALIKA REALITIES P LTD,INDORE vs. ITO 5(1) , INDORE

In the result of appeals of the assessee for AY 2008-09 and AY 2009-10 vide ITA no

ITA 95/IND/2018[2008-09]Status: DisposedITAT Indore04 Oct 2021AY 2008-09

Bench: Hon’Ble Rajpal Yadav & Shri Manish Boradvirtual Hearing Assessment Year: 2008-09 & Assessment Year: 2009-10

254 Taxman 384 (Guj. )(HC) x) Deepraj Hospital (P) Ltd. v. ITO, 41/AGRA/2017, AY: 2010-11 Dtd:01/06/2018 (Agra)(Trib) xi) ITO v. Reliance Corporation (2017) 55 ITR 69 (SN) (Mum.) (Trib.) 3.00 ENTIRE REASONS FOR RE-OPENING ARE BASED ON ADDITIONS MADE BY SOME OTHER AO IN SOME OTHER ASSESSEE That, from the statement of reasons recorded

DCIT , CENTRAL -2 , INDORE vs. M/S GREAT GALLEON VENTURES LTD , INDORE

In the result, the appeals of the Revenue bearing ITANo

ITA 67/IND/2021[2015-16]Status: DisposedITAT Indore23 Dec 2021AY 2015-16

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad

Section 145(3)Section 153ASection 68Section 69ASection 69C

reassessment for six years shall be finalised by the Assessing Officer. It is also held by various Courts that once notice u/ s 153A of the Act issued, then assessment for six years shall be at large both for Assessing Officer and assessee have no warrant of law. It has been also held that in the assessment years where assessments

DCIT , CENTRAL -2 , INDORE vs. M/S GREAT GALLEON VENTURES LTD , INDORE

In the result, the appeals of the Revenue bearing ITANo

ITA 68/IND/2021[2016-17]Status: DisposedITAT Indore23 Dec 2021AY 2016-17

Bench: Shri Rajpal Yadav Hon'Ble & Shri Manish Borad

Section 145(3)Section 153ASection 68Section 69ASection 69C

reassessment for six years shall be finalised by the Assessing Officer. It is also held by various Courts that once notice u/ s 153A of the Act issued, then assessment for six years shall be at large both for Assessing Officer and assessee have no warrant of law. It has been also held that in the assessment years where assessments

THE ACIT CENTRAL -2, BHOPAL vs. M/S FORTUNE SOUMYA HOUSING, BHOPAL

In the result, both the appeals of the Revenue and cross objections of the

ITA 232/IND/2023[2014-15]Status: DisposedITAT Indore30 Oct 2023AY 2014-15

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniacit (Central)-2, M/S.Fortune Soumya Bhopal Housing, Vs. Bhopal (Revenue /Appellant ) (Assessee / Respondent) Pan: Aacff1234H

Section 132Section 143(3)Section 147Section 153A

section 147 on 21st December, 2019, at the total income of Rs. 12,18,73,254/- after making the addition of Rs. 3,47,62,168/-. The assessee challenged the action of the AO before the Ld. CIT(A). The Ld. CIT(A) has deleted the addition made by the AO in the reassessment

ACIT (CENTRAL)-II, BHOPAL vs. M/S FORTUNE BUILDERS, BHOPAL

In the result, both the appeals of the Revenue and cross objections of the

ITA 233/IND/2023[2014-15]Status: DisposedITAT Indore30 Oct 2023AY 2014-15

Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniacit (Central)-2, M/S.Fortune Soumya Bhopal Housing, Vs. Bhopal (Revenue /Appellant ) (Assessee / Respondent) Pan: Aacff1234H

Section 132Section 143(3)Section 147Section 153A

section 147 on 21st December, 2019, at the total income of Rs. 12,18,73,254/- after making the addition of Rs. 3,47,62,168/-. The assessee challenged the action of the AO before the Ld. CIT(A). The Ld. CIT(A) has deleted the addition made by the AO in the reassessment

THE ACIT (CENTRAL)-1, INDORE vs. M/S. M.C.S. TRADING COM. PVT. LTD., INDORE

In the result the appeals of the revenue for Assessment Year

ITA 353/IND/2017[2012-13]Status: DisposedITAT Indore09 Apr 2019AY 2012-13

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Borad

Section 132Section 143(3)Section 153A

reassessment and which are in force on the date of initiation of the search or making the requisition. 13. In the case of Commissioner of Income Tax (Central)-3 Kabul Chawla (2015) 61 Taxman.com 412 (Del.), the Hon’ble Delhi High Court has considered the scope of section 132 of the Act and 153A(1) observed as MCS Trading Company

DCIT KHANDWA, KHANDWA vs. M/S RAJRAJESHWAR COTTON CORPORATION, SENDHWA

In the result, Revenue’s appeal as well as Assessee’s Cross-

ITA 573/IND/2019[2011`-12]Status: DisposedITAT Indore21 Oct 2022

Bench: Shri Siddhartha Nautiyal & Shri B.M. Biyani(Conducted Through Virtual Court) & C.O. No. 9/Ind/2020 Assessment Year: 2011-12 Dcit M/S Raj Rajeshwar Cotton Khandwa Corporation, बनाम/ Warla Road, Sendhwa, Vs. District - Khandwa (Appellant / Revenue) (Respondent / Assessee) Pan: Aagfr 6243 N Assessee By None Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 12.10.2022 Date Of Pronouncement 21.10.2022

Section 143(3)Section 147Section 148Section 80I

254 Taxman 384 (Guj.) (HC). The court had held that "on verifying the record it was found that there was no nexus with reasons recorded for initiating reassessment proceedings and the information received by the AO from the investigating wing accordingly reassessment was held to be bad in law". (vi) In the case of Deepraj Hospital