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2 results for “reassessment”+ Section 12Aclear

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Key Topics

Section 124Section 260A2

SHRI V SELVARAJ vs. THE DEPUTY COMMISSIONER OF INCOME

The appeal is allowed

ITA/92/2018HC Karnataka19 Aug 2021

Bench: SATISH CHANDRA SHARMA,R. NATARAJ

Section 133ASection 143(3)Section 153ASection 260A

reassessment, to make a reference to the Valuation Officer, if he is not satisfied with the accounts provided by an assesssee. As per Explanation to Section 142A, the 'Valuation Officer' has the same meaning as defined in clause (r) of Section 2 of the Wealth Tax Act, 1957 (hereinafter referred to as 'Wealth Tax Act'). 23. In the present case

THE PR. COMMISSIONER OF INCOME TAX vs. M/S BIOPLUS LIFE SCIENCES PVT LTD

In the result, I pass the following:-

ITA/1014/2017
HC Karnataka
24 Jul 2018

Bench: The Hon'Ble Mr.Justice S.R.Krishna Kumar Writ Petition No.1014 Of 2017 (T-Kst) Between: M/S. Rainbow Colour Lab, No.13, D.J.C. Complex, Hudson Circle, Bengaluru – 560 027. A Partnership Firm Represented By Its Partner Sri.G.K.Madan Mohan, Aged About 62 Years, S/O Sri.G.V.Krishna Reddy. ...Petitioner (By Sri. M.Thirumalesh, Advocate ) And: 1. State Of Karnataka

Section 12

reassessment but subject to the provisions of sub-section (2), at any time within a period of eight years from the expiry of the year to which the tax relates, proceed to assess or re-assess to the best of its judgment the tax payable by the dealer in respect of such turnover after issuing a notice to the dealer