THE DIRECTOR OF INCOME TAX vs. THE EXECUTIVE ENGINEER

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

reassessment are under Sections 147 and 148 of the Act and they are on a completely differing footing and, therefore, do not merit consideration for the purpose of this case. 19. Even though the period of three years would be a reasonable period as prescribed under Section 153 of the Act for completion of proceedings, we have been told that

THE PR. COMMISSIONER OF INCOME TAX, vs. BASHIR AHMED ABDIRRAJ AM MATTE

The appeal is hereby dismissed

Bench: M.I.ARUN,B. MURALIDHARA PAI

reassessment or recomputation. 11. Section 153(3) of the Act reads as under: “(3) Notwithstanding anything contained in sub-sections (1), (1A

THE COMMISSIONER OF INCOME TAX vs. M/S. ASTRA ZENECA PHARMA

In the result, the order passed by the

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

1A) of the Act and was rectified under Section 154 of the Act on 27.10.1998. The case was selected for scrutiny. Thereupon notices were issued under Section 143(2) and 143(1) to the assessee. The assessing officer by an order dated 26.03.1999 passed an order of assessment and inter alia quantified the total taxable income at Rs.8

M/S YOKOGAWA INDIA LTD vs. THE DEPUTY COMMISSIONER

In the result, the appeal is disposed of

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

reassess complete income then it would have stated in Section 115J that ‘income of the company as accepted by the assessing officer’. It is further submitted that Section 115J makes the income reflected in the companies books of accounts as deemed income for the purposes of assessment of tax and the provisions of Minimum Alternate Tax are self contained code

PR.COMMISSIONER OF INCOME TAX-7 vs. M/S TALLY INDIA PVT LTD

In the result, we do not find

Bench: ALOK ARADHE,M.G.S. KAMAL

Sections (1), (1A), (1B), (2), , (2A) and (4) available to the Assessing Officer for making an order of assessment, reassessment

M/S ING VYSYA BANK LIMITED vs. THE COMMISSIONER OF INCOME TAX

In the result appeal fails and it is hereby

Bench: ARAVIND KUMAR,AJIT J GUNJAL

reassessment for any of the assessment years referred to in section (b) of sub-section (1) of section 153A or clause (b) of sub-section (1) of section 153B in case of a person referred to in section 153A or section 153C have been initiated, the additional amount of income-tax payable on the income disclosed in the application exceeds