SH. KAPIL TANEJA,JAIPUR vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

reassessment notices pertain to the assessment years 2013-2014, 2014-2015, 2015-2016, 2016-2017, and 2017-2018. To assume jurisdiction to issue notices under section 148 with respect to the relevant assessment years, an assessing officer has to: (i) issue the notices within the period prescribed under section 149(1

SH. HARI PRAKASH GUPTA,JAIPUR vs. ITO, WARD-1(2), JAIPUR, JAIPUR

The appeal stands allowed

Bench: SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member), SHRI NARINDER KUMAR (Judicial Member)

sections 148 and 149 of the Act which provide: '148. (1) Before making the assessment, reassessment or recomputation under section

SAROJ DEVI HALDIYA,JAIPUR vs. ITO WARD-6(1), JAIPUR, JAIPUR

reassess the income in respect of any issue, which has\nescaped assessment, and such issue comes to his notice subsequently in the course of the\nproceedings under this section, notwithstanding that the reasons for such issue have not been\nincluded in the reasons recorded under sub-section (2) of section 148.]\n[Explanation 4.—For the removal of doubts

SONU AGARWAL ,JAIPUR vs. INCOME TAX OFFICER WARD 1(3), JAIPUR

In the result, the appeal of the assessee is allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

148 to issue a reassessment notice. In the present case the period of three years from the end of the Assessment Year 2016-17 fell for completion on 31st March 2020. Since the expiry date fell during the time period of 20th March 2020 and 31st March 2021 contemplated under Section 3(1

SH. HARI PRAKASH GUPTA,JAIPUR vs. ITO, WARD-1(2), JAIPUR, JAIPUR

sections 148 and 149 of the Act which\nprovide: '148. (1) Before making the assessment, reassessment or recomputation\nunder section

KATRATHAL GRAM SEWA SAHKARI SAMITI LIMITED ,KATRATHAL vs. ITO WARD 1 SIKAR, SIKAR

148 is\r\nsupplementary and complimentary to s.147. Sub-s. (2) of s.148 mandates\r\nreasons for issuance of notice by the AO and sub-s. (1) thereof mandates\r\nservice of notice to the assessee before the AO proceeds to assess, reassess\r\nor recomputed escaped income. Sec. 147 mandates recording of reasons to\r\nbelieve

RSD CONTAINERS PRIVATE LIMITED,JAIPUR vs. ITO, WARD 7(1), JAIPUR, JAIPUR

In the result, the appeal of the assessee is allowed

reassessment notices pertain to the assessment years 2013-2014, 2014-2015, 2015-2016, 2016-2017, and 2017-2018. To assume jurisdiction to issue notices under section 148 with respect to the relevant assessment years, an assessing officer has to: (i) issue the notices within the period prescribed under section 149(1

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SNEHLATA AGARWAL, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment

INCOME TAX OFFICER, JAIPUR vs. KEDIA BUILDERS AND COLONIZERS PRIVATE LIMITED, JAIPUR

In the result, all appeals of the revenue are stands dismissed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

reassessment under Section 147 of the Act ignoring that the AO’s reason to believe was founded on information received after the completion of assessment, which is a sound basis for exercising powers under Section 147 read with Section 148? Submission: 1

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. TRILOK DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. PRIYA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SARITA DEWAN, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SNEHLATA AGARWAL, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. USHA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment

DCIT, CENTRAL CIRCLE-1, JAIPUR , JAIPUR vs. USHA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. SUBHASH CHANDRA BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment

DCIT, CENTRAL CIRCLE-1, JAIPUR, JAIPUR vs. VIPUL BANKA, SIKAR

In the result, the appeals of the revenue in ITA No

148, the High Court rejected\nthe contention of the assessee that sub-section (2) of section 150 is\nan Explanation to sub-section (1) and proceedings for reassessment