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2 results for “reassessment u/s 147”+ Section 145Aclear

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Key Topics

Section 2636

INCOME TAX OFFICER, WARD-1-1, KOTA vs. SHRI CHANDI RAM, KOTA

In the result, appeal of the revenue is dismissed

ITA 662/JPR/2018[2012-13]Status: DisposedITAT Jaipur14 Jun 2023AY 2012-13

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

For Appellant: Sh. Siddharth Ranka (Adv.) &For Respondent: Smt Runi Pal (Addl. CIT)
Section 143(3)

147 and completed assessment u/s 147/31/147 dated 26.12.2013 at total income of Rs.1,46,66,330/-. By making the additionas mentioned in point no.2 2. Nature of addition 1. Receipt of Arbitration at Rs.91,59,305/- 2. Accrued interest on FDRs at Rs.7,55,642/- 3. Expense of payment disallowance u/s 40(a)(ia) at Rs.39

SHREE AURO IRON LIMITED ,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-I, JAIPUR

In the result, this appeal of the assessee is allowed

ITA 788/JPR/2024[2016-17]Status: Disposed
ITAT Jaipur
12 Mar 2025
AY 2016-17
Section 142(1)Section 143Section 145ASection 147Section 148Section 151Section 263Section 48

147 r.w.s.144B of the Income\ntax Act, 1961. Meaning thereby that the reason for which reassessment\nproceedings were taken up did not subsist any more as the AO was satisfied about\nthe matter which prompted him to initiate reassessment proceedings. Thereafter the\nld. PCIT 1, Jaipur had issued a show cause notice dated 13.02.2024 fixing the\ndate of hearing