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2 results for “reassessment”+ Section 29Aclear

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Key Topics

Section 2637Section 1482Section 50C2Reassessment2

SHRI BHAWANI SHANKAR PARASHAR,INDORE vs. THE DCIT/ACIT 1 (2), INDORE

In the result, appeal of assessee is allowed

ITA 411/IND/2022[2012-13]Status: DisposedITAT Indore21 Jun 2023AY 2012-13

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanishri Bhawani Shankar Pr. Cit-1 Prashar Indore 28, Lasudia Mori, Vijay Vs. Nagar, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Bgbpp 2475 G Assessee By Shri S.N. Agrawal, Ar Revenue By Shri P.K. Mishra, Cit-Dr Date Of Hearing 02.05.2023 Date Of Pronouncement 21.06.2023

Section 263

reassessment proceedings since those notices were in their knowledge as they were served physically. However, show cause notices and order passed by the Ld Principal Commissioner of Income Tax-1, Indore was never served physically to the appellant as a result of which the appellant was totally unaware of the fact that show cause notices had been issued and order

SHRI RAMESH MANGAL,INDORE vs. THE ACIT 3(1), INDORE

ITA 461/IND/2018[2010-11]Status: DisposedITAT Indore20 Nov 2019AY 2010-11

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year 2010-11 Pan : Abwpm2673E

For Appellant: S/Shri Anil Kamal Garg & ArpitFor Respondent: Shri S.S. Mantri, CIT
Section 143(3)Section 147Section 148Section 50C

reassessment proceedings Ld. A.O observed that there is a transaction of sale of land situated at Khajrana, District, Indore. As per the sale deed dated 31.3.2010 sale consideration of Rs.14 crores is received by the assessee and the market value of the plot as per the Stamp Valuation Authority was Rs.16,17,50,000/-. This plot of land was purchased