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2 results for “depreciation”+ Reopening of Assessmentclear

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Key Topics

Section 80I6Section 1474Section 44A3Section 143(3)2Reopening of Assessment2Addition to Income2

SMT. LALITA BAI KHANDELWAL vs. INCOME TAX OFFICER WARD 1,

In the result, appeal of the assessee is allowed

ITA 207/JAB/2016[2007-08]Status: DisposedITAT Jabalpur03 Apr 2019AY 2007-08

Bench: Shri A. D. Jain & Shri T. S. Kapoorassessment Year:2007-08 Smt. Lalita Bai Khandelwal V. Income Tax Officer Mangalwara Chouraha Ward 1 Babai, Hoshangabad

For Appellant: Shri L. L. Sharma, AdvocateFor Respondent: Shri P. D. Chougale, D.R
Section 143(3)Section 147

reopening the assessment, However, Expln. 3 does not and cannot override the necessity of fulfilling the conditions set out in the substantive part of s. 147 AO has to assess or reassess the income (“such income”) which escaped assessment and which was the basis of the formation of belief and if he does so, he can also assess or reassess

M/S BINDRA WAREHOUSING CORPORATION vs. INCOME TAX OFFICER WARD 1(1),

In the result, the assessee’s appeal is allowed

ITA 153/JAB/2016[2008-09]Status: DisposedITAT Jabalpur30 Sept 2021AY 2008-09

Bench: Sh. Sanjay Arora, Hon'Bleassessment Year : 2008-09 Bindra Warehousing Income Tax Officer, Vs. Ward-1(1), Corporation, Itarsi

Section 143(3)Section 147Section 148Section 44ASection 80Section 80I

assessing authority by ,1 Bindra Warehousing Corporation v. ITO disallowing the claim of deduction U/S 80IB(11A) of the I.T. Act 1961 which is neither correct nor justified therefore same is liable to be deleted. 2. That the learned first appellate authority has erred in arbitrarily conforming the addition of Rs.1,01,259/-made in the total income by disallowing