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38 results for “reassessment”+ Section 10Bclear

Sorted by relevance

Mumbai105Delhi76Chennai63Bangalore49Hyderabad44Kolkata38Jaipur26Cochin21Pune18Lucknow12Ahmedabad12Indore8Karnataka5Cuttack4Visakhapatnam3Rajkot3Surat3Varanasi2Calcutta2Jodhpur2Chandigarh2Raipur1Telangana1

Key Topics

Section 14757Section 143(3)56Section 10B40Section 14828Section 92C21Addition to Income18Reassessment18Disallowance15Reopening of Assessment14Section 143(2)

ITO, WARD - 7(2), KOLKATA, KOLKATA vs. M/S. WIZARD ENTERPRISES PVT. LTD., KOLKATA

In the result, the appeals of the revenue are dismissed and cross objections of the assessee are allowed as stated above

ITA 628/KOL/2011[2007-08]Status: DisposedITAT Kolkata04 Mar 2016AY 2007-08

Bench: : Shri Mahavir Singh & Shri M. Balaganesh

For Appellant: Shri Subash Agarwal, Advocate, ld.ARFor Respondent: None appeared on behalf of the revenue
Section 10ASection 10BSection 143(3)

reassessment of assessees claiming deduction under section 10A, it has been decided that the claim of deduction under section 10A, shall not be denied to STP units only on the ground that the 8 CO No.134/K/2013 CO No.133/K/2013-C-AM M/s. Wizard Enterprise Pvt.Ltd approval/registration to such units has been granted by the Directors of Software Technology Parks. However

Showing 1–20 of 38 · Page 1 of 2

12
Section 143(1)12
Section 10A11

I.T.O WD - 7(2),KOLKATA., KOLKATA vs. M/S WIZARD ENTERPRISES PVT LTD., KOLKATA

In the result, the appeal of the Revenue is dismissed

ITA 280/KOL/2013[2009-10]Status: DisposedITAT Kolkata29 Apr 2016AY 2009-10

Bench: : Shri S.S Viswanethra Ravi

For Appellant: Shri Subash Agarwal, Advocate, ld.ARFor Respondent: Shri Rajat Kumar Kureel, JCIT, ld.DR
Section 10ASection 10BSection 143(3)

reassessment of assessees claiming deduction under section 10A, it has been decided that the claim of deduction under section 10A, shall not be denied to STP units only on the ground that the approval/registration to such units has been granted by the Directors of Software Technology Parks. However, it has to be ensured that all other conditions specified in section

LIMTEX INFOTECH LTD.,,KOLKATA vs. ITO, WARD - 7(4), KOLKATA , KOLKATA

In the result, the appeals of the revenue are dismissed and cross objections of the assessee are allowed as stated above

ITA 1368/KOL/2017[2010-11]Status: DisposedITAT Kolkata05 Sept 2018AY 2010-11

Bench: Hon’Ble Shri S.S. Godara, Jm & Shri M.Balaganesh, Am ] I.T.A No. 1368/Kol/2017 Assessment Year : 2010-11 Limtex Infotech Ltd. -Vs- Ito, Ward-7(4), Kolkata. [Pan: Aabcl 0088 R] (Appellant) (Respondent)

For Appellant: Shri J.M Thard, AdvocateFor Respondent: Shri Robin Chowdhury, Addl. CIT DR
Section 10BSection 14Section 143(3)

reassessment of assessees claiming deduction under section 10A, it has been decided that the claim of deduction under section 10A, shall not be denied to STP units only on the ground that the approval/registration to such units has been granted by the Directors of Software Technology Parks. However, it has to be ensured that all other conditions specified in section

ITO, WARD - 8(2), KOLKATA , KOLKATA vs. M/S. WIZARD ENTERPRISE PVT. LTD., , KOLKATA

The appeals are dismissed

ITA 292/KOL/2018[2011-12]Status: DisposedITAT Kolkata28 Feb 2019AY 2011-12

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godaraassessment Year: 2011-12

Section 10ASection 10BSection 143(3)

reassessment of assessees claiming deduction under section 10A, it has been decided that the claim of deduction under section 10A, shall not be denied to STP units only on the ground that the approval/registration to such units has been granted by the Directors of Software Technology Parks. However, it has to be ensured that all other conditions specified in section

INCOME TAX OFFICER WARD-4(4), KOLKATA vs. M/S TEA PROPOTERS (INDIA) PVT. LTD., KOLKATA

In the result, Revenue’s appeal is dismissed

ITA 2161/KOL/2013[2002-03]Status: DisposedITAT Kolkata18 Nov 2016AY 2002-03

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

Section 10BSection 143(1)Section 143(3)Section 147Section 148

reassessment proceedings under section 147 of the Act can be reopened beyond the period of 4 years if the assessee fails to disclose fully and truly all material facts necessary for the assessment. However on perusal of the records we find that the AO during the course of assessment proceedings has examined the details of the deduction under section 10B

A.C.I.T CIR - 36,KOLKATA., KOLKATA vs. M/S SRI RAM COMMERCIAL CO, KOLKATA

In the result, Revenue’s appeal is dismissed

ITA 623/KOL/2013[2008-2009]Status: DisposedITAT Kolkata18 Nov 2016AY 2008-2009

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

Section 10BSection 143(1)Section 143(3)Section 147Section 148

reassessment proceedings under section 147 of the Act can be reopened beyond the period of 4 years if the assessee fails to disclose fully and truly all material facts necessary for the assessment. However on perusal of the records we find that the AO during the course of assessment proceedings has examined the details of the deduction under section 10B

M/S TEA PROMOTERS (INDIA) PVT. LTD.,KOLKATA vs. DCIT, CIRCLE - 4, KOLKATA, KOLKATA

In the result, Revenue’s appeal is dismissed

ITA 1841/KOL/2013[2002-03]Status: DisposedITAT Kolkata18 Nov 2016AY 2002-03

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

Section 10BSection 143(1)Section 143(3)Section 147Section 148

reassessment proceedings under section 147 of the Act can be reopened beyond the period of 4 years if the assessee fails to disclose fully and truly all material facts necessary for the assessment. However on perusal of the records we find that the AO during the course of assessment proceedings has examined the details of the deduction under section 10B

M/S TEA PROMOTERS (INDIA) PVT LTD,KOLKATA vs. D.C.I.T RG - 4,KOLKATA, KOLKATA

In the result, Revenue’s appeal is dismissed

ITA 1897/KOL/2013[2003-04]Status: DisposedITAT Kolkata18 Nov 2016AY 2003-04

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

Section 10BSection 143(1)Section 143(3)Section 147Section 148

reassessment proceedings under section 147 of the Act can be reopened beyond the period of 4 years if the assessee fails to disclose fully and truly all material facts necessary for the assessment. However on perusal of the records we find that the AO during the course of assessment proceedings has examined the details of the deduction under section 10B

DCIT,CIRCLE-1, KOLKATA, KOLKATA vs. M/S CHEVIOT CO. LTD., KOLKATA

In the result, the appeals of revenue are dismissed and COs of assessee are allowed

ITA 530/KOL/2012[2003-2004]Status: DisposedITAT Kolkata20 Jan 2016AY 2003-2004

Bench: Shri Mahavir Singh, Jm & Shri M. Balaganesh, Am]

For Appellant: Shri Manish Tiwari, FCAFor Respondent: Shri Anil Kr. Pande, JCIT, Sr. DR
Section 10BSection 143(3)Section 147Section 148

reassessment u/s. 143(3) r.w.s. 147 of the Act vide his order dated 24.12.2010 and disallowed the claim of exemption u/s. 10B of the Act and also excluded the receipts of EMA from exemption u/s. 10B of the Act. Aggrieved, assessee preferred appeal before CIT(A), who deleted the addition and allowed exemption u/s. 10B of the Act but confirmed

M/S. TCG LIFESCIENCES PRIVATE LIMITED.(FORMERLY KNOWN AS TCG LIFESCIENCES LTD.,),KOLKATA vs. ACIT, CIRCLE-11(2), KOLKATA, KOLKATA

In the result, appeal of assessee is allowed

ITA 2261/KOL/2017[2008-09]Status: DisposedITAT Kolkata08 Mar 2019AY 2008-09

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

Section 10BSection 143(3)Section 148

section applies to a undertaking only when it manufactures or produces any articles or things or computer software. In the column 8 of the 3CD report nature of business of the assessee was shown as 'analysis & synthesis of chemical compounds and data processing'. In the Form No. 56G Export Turnover as well as domestic turnover of the assessee was shown

AT&S INDIA PRIVATE LIMITED vs. D.C.I.T., CIRCLE-11(1), KOLKATA, KOLKATA

In the result, appeal filed by the assessee, is allowed

ITA 77/KOL/2017[2012-13]Status: DisposedITAT Kolkata11 May 2018AY 2012-13

Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.77/Kol/2017 ("नधा"रणवष" / Assessment Year: 2012-13) At & S India (P) Ltd. Vs. D.C.I.T, Circle-11(1), Kolkata

For Appellant: Smt. Rituparna Sinha, ARFor Respondent: Shri G. Mallikarjuna, CIT(DR)
Section 143(3)Section 144CSection 37Section 92C

10B (3) specifically provides as under:- “An uncontrolled transaction shall be comparable to an international transaction or a specified domestic transaction if- (i) none of the differences, if any, between the transactions being compared, or between the enterprises entering into such transactions are likely to materially affect the price or cost charged or paid in, or the profit arising from

AT&S INDIA PRIVATE LIMITED,KARNATAKA vs. D.C.I.T., CIRCLE-11(1), KOLKATA, KOLKATA

In the result, appeal filed by the assessee, is allowed

ITA 69/KOL/2018[2013-14]Status: DisposedITAT Kolkata10 Oct 2018AY 2013-14

Bench: Shri S. S. Godara, Jm & Dr. A.L.Saini, Am At&S India Private Limited Vs. Dcit, Circle 11(1), Kolkata P-7, Chowringhee Square, 12A, Industrial Area, Nanjangud – 571 301 Kolkata – 700 069. Mysore District, Karnataka, India "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaeca 2930 J (अपीलाथ" /Appellant) (""यथ" / Respondent) ..

For Appellant: Shri Anup Sinha & Ms. Rituparna Sinha, ARFor Respondent: Shri P.K. Srihari, CIT, DR
Section 143(3)Section 144C(13)Section 37(1)Section 92C

10B (3) specifically provides as under:- “An uncontrolled transaction shall be comparable to an international transaction or a specified domestic transaction if- (i) none of the differences, if any, between the transactions being compared, or between the enterprises entering into such transactions are likely to materially affect the price or cost charged or paid in, or the profit arising from

M/S FANCY ENTERPRISES,KOLKATA vs. A.O. CIR. 32, , KOLKATA

In the result, the appeal of the assessee is allowed as per terms indicated above

ITA 797/KOL/2024[2013-14]Status: DisposedITAT Kolkata23 Aug 2024AY 2013-14

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm M/S Fancy Enterprises Ao,Circle-2 2, Ganesh Chandra, Income Tax Office Avenue, Bentick Street, 10B Middleton, Calcutta Vs. Commerce House West Bengal-700071 West Bengal-700 013 (Appellant) (Respondent) Pan No. Aaaff5111B Assessee By : Shri Sunil Surana, Ar Revenue By : Shri P.P. Barman, Dr Date Of Hearing: 09.07.2024 Date Of Pronouncement : 23.08.2024

For Appellant: Shri Sunil Surana, ARFor Respondent: Shri P.P. Barman, DR
Section 143Section 143(3)Section 147Section 148

10B Middleton, Calcutta Vs. Commerce House West Bengal-700071 West Bengal-700 013 (Appellant) (Respondent) PAN No. AAAFF5111B Assessee by : Shri Sunil Surana, AR Revenue by : Shri P.P. Barman, DR Date of hearing: 09.07.2024 Date of pronouncement : 23.08.2024 O R D E R PER DR. MANISH BORAD, AM: This appeal filed by the assessee is directed against the order passed

M/S. DEVANSH EXPORTS,KOLKATA vs. ACIT, CIRCLE - 32, KOLKATA, KOLKATA

In the result, the appeal of assessee is allowed

ITA 2178/KOL/2017[2010-11]Status: DisposedITAT Kolkata15 Oct 2018AY 2010-11

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

Section 142(1)Section 143(3)Section 147Section 148

reassessments orders for A.Y.2007-08 and 2008-09 dated 30.12.2011 were invalid. Consequently order passed u/s 263 of the Act dated 21.03.2014 for A.Y.2007- 08 and 2008-09 are also held to be invalid and quashed. Thus the appeals being ITA No.765 and 766/Kol/2014 are allowed.” 10. Having taken into consideration the aforesaid judicial precedents and other case laws cited before

INCOME TAX OFFICER-WARD-45(2), KOLKATA, KOLKATA vs. M/S DAMANI & CO., KOLKATA

In the result, assessee’s appeal is allowed

ITA 2699/KOL/2013[2003-2004]Status: DisposedITAT Kolkata22 Jun 2016AY 2003-2004

Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Ravi

Section 143(3)Section 143(3)(ii)Section 147Section 148Section 151

reassessment beyond 4 years. The facts of the case Sword Global India (P) ltd. (supra) are reproduced below : “Section 147, read with section 10B

DAMANI & CO,KOLKATA vs. I.T.O WD - 45(2),KOLKATA., KOLKATA

In the result, assessee’s appeal is allowed

ITA 1330/KOL/2013[2003-04]Status: DisposedITAT Kolkata22 Jun 2016AY 2003-04

Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Ravi

Section 143(3)Section 143(3)(ii)Section 147Section 148Section 151

reassessment beyond 4 years. The facts of the case Sword Global India (P) ltd. (supra) are reproduced below : “Section 147, read with section 10B

DCIT, CIRCLE - 11, KOLKATA, KOLKATA vs. M/S. IMC LTD., KOLKATA

Appeal is dismissed

ITA 781/KOL/2009[2005-06]Status: DisposedITAT Kolkata18 Jan 2017AY 2005-06

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

Section 10(34)Section 115JSection 143(3)Section 14ASection 234B

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment year beginning on or before the 1st day of April, 2001.]" Perusal of Section 14A of the Act provides that it mandates disallowance of expenditure 'in relation

DCIT, CIRCLE - 11, KOLKATA, KOLKATA vs. M/S. I M C LTD, KOLKATA

Appeal is dismissed

ITA 371/KOL/2012[2007-08]Status: DisposedITAT Kolkata18 Jan 2017AY 2007-08

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

Section 10(34)Section 115JSection 143(3)Section 14ASection 234B

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment year beginning on or before the 1st day of April, 2001.]" Perusal of Section 14A of the Act provides that it mandates disallowance of expenditure 'in relation

M/S. IMC LTD.,KOLKATA vs. DCIT, CIRCLE - 11, KOLKATA, KOLKATA

Appeal is dismissed

ITA 813/KOL/2009[2005-06]Status: DisposedITAT Kolkata18 Jan 2017AY 2005-06

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmed

Section 10(34)Section 115JSection 143(3)Section 14ASection 234B

reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability of the assessee under section 154, for any assessment year beginning on or before the 1st day of April, 2001.]" Perusal of Section 14A of the Act provides that it mandates disallowance of expenditure 'in relation

DCIT,CIR-11, KOLKATA vs. M/S CENTURY PLYBOARDS (INDIA) LTD., KOLKATA

In the result ITA No.2307/Kol/2013 is dismissed

ITA 2306/KOL/2013[2007-08]Status: DisposedITAT Kolkata13 Jul 2016AY 2007-08

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri Waseem Ahmed, Am]

For Appellant: Shri D.S.Damle, FCAFor Respondent: Shri G.Mallikarjuna,,CIT,DR
Section 143(3)Section 147Section 148Section 14ASection 288ASection 80I

reassessment proceedings in the present case was not legal and therefore the order of re-assessment is liable to be annulled and is hereby annulled. In view of the decision of the Cross Objection we are of the view that no adjudication of the grounds raised by the revenue in its appeal is called for. 12. In the result