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3 results for “reassessment u/s 147”+ Short Term Capital Gainsclear

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Key Topics

Section 153A4Section 1323Section 1483Addition to Income3Section 2502Section 682Section 145(3)2

CHANCHAL KUMARI JAIN ,BHILWARA vs. ITO, WARD-3, BHILWARA

The appeal stands partly allowed

ITA 213/JODH/2019[2014-15]Status: DisposedITAT Jodhpur21 Dec 2020AY 2014-15

Bench: Hon’Ble Shri Sandeep Gosain, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am (Hearing Through Video Conferencing Mode) आयकरअपील सं./ I.T.A. No.213/Jodh/2019 ("नधा"रणवष" / Assessment Year: 2014-15) Smt. Chanchal Kumari Jain Income Tax Officer बनाम/ 143-A/A, Shastri Nagar Ward-3, Bhilwara Vs. Bhilwara, Rajasthan-311 001. Rajasthan-311 001. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Adnpj-8347-F (अपीलाथ"/Appellant) (""यथ" / Respondent) :

For Appellant: Shri Amit Kothari (CA)- Ld. ARFor Respondent: Shri A.S. Yadav - Ld. Sr. DR
Section 115BSection 143(3)Section 148Section 68

u/s 143(3) r.w.s. 147 on 30/10/2017. The reassessment proceedings were triggered pursuant to receipt of certain information that the assessee procured bogus short-term capital gain

RACHNA GOYAL,JODHPUR vs. ITO, WARD-1(2), JODHPUR

In the result, the appeal is dismissed

ITA 529/JODH/2023[2013-14]Status: DisposedITAT Jodhpur25 Jun 2025AY 2013-14
Section 132Section 133ASection 142(1)Section 147Section 148Section 151Section 250Section 68

reassessment or reopening of the assessment. The case is squarely covered by the above judgment. Therefore, to complete assessment on the basis of illegal notice is illegal and void. On the similar principals, the order of the Karnataka High Court in the case of Manjunath Cotton Corp and M/s. SSSA Emerald Meadows, on the issue of penalty u/s

ASHIANA BUILDPROP PRIVATE LIMITED,UDAIPUR vs. DCIT, CENTRAL CIRCLE-1, UDAIPUR, UDAIPUR

ITA 706/JODH/2024[2013-14]Status: DisposedITAT Jodhpur26 May 2025AY 2013-14
Section 132Section 145(3)Section 153ASection 234ASection 250

147, 148, 149, 151 and 153. However, they do not override the\nmandatory provisions of Sections 142(2) or 143(2)”.\n10\nITA Nos. 706 to 709/Jodh/2024\nAshiana Buildprop Pvt. Ltd., Udaipur.\nIn DCIT Sushil Kumar Jain 134 TTJ 844 (Indore)that “Time-limit of service of notice\nunder s. 143(2) shall also apply in respect of assessments framed