SUNRISE REALCONSULTANCY PRIVATE LIMITED ,ALWAR vs. INCOME TAX OFFICER, WARD-BHIWADI, BHIWADI

In the result, the both the appeals of the assessee are partly allowed

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

194H of the I.T. Act. Based on this information, the case was reopened under Section 147 with the approval of the Pr. CIT to reassess escaped income. A notice under Section 148 was issued on 08/05/2020, but the company did not file its return in response. Subsequently, notices under Section 142(1) were issued on 01/02/2021, 05/10/2021, and 09/12/2021, asking

SUNRISE REALCONSULTANCY PRIVATE LIMITED ,BHIWADI vs. INCOME TAX OFFICER, WARD-BHIWADI, BHIWADI

147 of the IT Act, 1961 with prior approval\nof Ld. Pr.CIT for reassessment of escaped income. Notice u/s 148 of the\nAct was issued on 08/05/2020 and duly served on the assessee to file\nreturn of income. In response to notice U/s 148 of the assessee company\ndid not file its return of income. Subsequently on 25/01/2021, the case