SREE RAGHAVENDRA ENTERPRISES vs. DEPUTY COMMISSIONER OF INCOME TAX

In the result, I pass the following:

Bench: The Hon’Ble Mr.Justice S.R. Krishna Kumar

reassessment proceedings, if there is any tax liability, the Revenue may not be in a position to recover the amount thereafter, in such a case only, however, on formation of subjective satisfaction/ opinion, the Commissioner may exercise the powers under Section 45 of the VAT Act.” 60. Now, it is in this backdrop that we proceed to a determination

M/S. INDIAN MINERALS AND GRANITE CO., vs. DEPUTY COMMISSIONER OF INCOME TAX

In the result, I pass the following:

Bench: The Hon’Ble Mr.Justice S.R. Krishna Kumar

reassessment proceedings, if there is any tax liability, the Revenue may not be in a position to recover the amount thereafter, in such a case only, however, on formation of subjective satisfaction/ opinion, the Commissioner may exercise the powers under Section 45 of the VAT Act.” 60. Now, it is in this backdrop that we proceed to a determination

M/S BRIGHT PACKAGING PVT LTD vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

Bench: S.SUJATHA

Section 147 of the Act, addition of Rs.4,65,00,000/- was made and demand was raised. Being aggrieved by the said reassessment, the petitioner filed an appeal before the Commissioner of Income-tax (Appeals), Mangalore and an application was filed before 1st respondent to stay the disputed demand. At the first instance, respondent No.1 though directed the petitioner

PR COMMISSIONER OF vs. M/S QUANTECH GLOBAL SERVICES LTD

Bench: SATISH CHANDRA SHARMA,V SRISHANANDA

reassess the income, all the consequent proceedings were null and void and it was not a case of irregularity. Therefore, Section 292B of the Act had no application. 16. When we apply the ratio of aforesaid cases to the facts of this case, the irresistible conclusion would be provisions of Section 292B of the Act are not applicable in such