TRAVEL HUB PRIVATE LIMITED,KOLKATA vs. I.T.O WD - 12(3),KOLKATA., KOLKATA

In the result the appeal of the assessee is allowed

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri M.Balaganesh, Am]

section 44AB of the Act. This action of the ld. AO was upheld by CIT(A). 4. Aggrieved by the order of CIT(A) the assessee is in appeal before us. The ld. AR argued that for the very same year under appeal the assessment was later reopened u/s 147 of the Act and the reassessment was completed u/s

NEHA DIWAN,HINDMOTOR vs. ITO WARD - 23(1), HOOGHLY

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Pradip Kumar Choubey & Shri Rakesh Mishra

reassessment was initiated based on alleged information that the appellant received accommodation entries of ₹91,00,000 from M/s Shree Shyam Trading Company (Prop. Satya Narayan More, PAN: CRHPM0358P). The appellant submitted complete documentation including ledger, sale invoices, confirmations, and bank statements to prove the genuineness of the transactions. 4. That, without prejudice, the assessment order dated 31st March

TIGERHILL TRADELINK PRIVATE LIMITED,KOLKATA vs. ITO, WARD 10(2), , KOLKATA

In the result, the appeal of the Appellant is Dismissed

147 is wholly illegal, arbitrary, and without\njurisdiction. The Hon'ble Supreme Court in Rajeev Bansal & Ors. v. Union of\nIndia has categorically held that reassessment proceedings initiated beyond\nthe prescribed time limit are barred by limitation. In the present case, the\nreassessment is time-barred and suffers from jurisdictional defects,\nrendering it void ab initio.\n2. That the notice

TIGERHILL TRADELINK PRIVATE LIMITED,KOLKATA vs. ITO, WARD 10(2), , KOLKATA

In the result, the appeal of the Appellant is Dismissed

147 is wholly illegal, arbitrary, and without\njurisdiction. The Hon'ble Supreme Court in Rajeev Bansal & Ors. v. Union of\nIndia has categorically held that reassessment proceedings initiated beyond\nthe prescribed time limit are barred by limitation. In the present case, the\nreassessment is time-barred and suffers from jurisdictional defects,\nrendering it void ab initio.\n2. That the notice

SWETA CHIRIMAR,KOLKATA vs. DCIT, CIRCLE - 29(1), KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri Sanjay Garg, Jm &Shri Rajesh Kumar, Am]

reassessment proceeding the assessee suo moto filed a revised computation withdrawing the claim made u/s. 10(38) of the Act and finally the assessment culminated u/s. 143(3) r.w.s. 147 of the Act in which the AO made addition on entire sale consideration of Rs.7,20,139/- u/s. 68 of the Act. Now the issue before us whether the assessee