DY COMMISSIONER OF INCOME TAX (EXEMPTION)-2(1), MUMBAI vs. SHREE SAI BABA SANSTHAN TRUST (SHIRDI), MUMBAI

In the result, the appeal filed by the assessee is allowed and the\nappeal of the Revenue is dismissed

reassess a return where only 143(1)(a) order of processing was\nearlier passed and have summarised the legal requirement as follows-\n\n\"Summary of the legal position\n\n35.1 The upshot of the above discussion is that where the return\ninitially filed is processed under Section

SHREE SAI BABA SANTHAN TRUST MUMBAI ,MUMBAI vs. DCIT(EXEMPTION), MUMBAI

In the result, the appeal filed by the assessee is allowed and the\nappeal of the Revenue is dismissed

reassess a return where only 143(1)(a) order of processing was\nearlier passed and have summarised the legal requirement as follows-\n\"Summary of the legal position\n35.1 The upshot of the above discussion is that where the return\ninitially filed is processed under Section

THE NEW INDIA ASSURANCE CO. LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX , INCOME TAX OFFICER, NFAC, MUMBAI

Accordingly, in terms of the aforesaid, Ground No. 3 to\n7 raised by the Assessee pertaining to merits of such\nadditions/disallowances are dismissed as having been rendered\ninfructuous

Bench: "CLEAN_TEXT": "IN THE INCOME TAX APPELLATE TRIBUNAL\n\"I\" BENCH, MUMBAI\n\nSHRI VIKRAM SINGH YADAV , ACCOUNTANT MEMBER\nSHRI RAHUL CHAUDHARY (Judicial Member)

143(3) read with Section 147 of the Act\nwas disposed off as dismissed. The Assessee has raised 6\ngrounds of appeal which are taken up hereinafter in seriatim.\n\nGround No.1 & 2\n\n26.\nGround No. 1 & 2 raised by the Assessee challenged the validity\nof the reassessment

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

143(3) read with Section 147 of the Act\nwas disposed off as dismissed. The Assessee has raised 6\ngrounds of appeal which are taken up hereinafter in seriatim.\nGround No.1 & 2\n26. Ground No. 1 & 2 raised by the Assessee challenged the validity\nof the reassessment

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

143(3) read with Section 147 of the Act\nwas disposed off as dismissed. The Assessee has raised 6\ngrounds of appeal which are taken up hereinafter in seriatim.\nGround No.1 & 2\n26. Ground No. 1 & 2 raised by the Assessee challenged the validity\nof the reassessment

THE NEW INDIA ASSURANCE CO. LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -3(2)(2), MUMBAI

143(3) read with Section 147 of the Act\nwas disposed off as dismissed. The Assessee has raised 6\ngrounds of appeal which are taken up hereinafter in seriatim.\n\nGround No.1 & 2\n\n26. Ground No. 1 & 2 raised by the Assessee challenged the validity\nof the reassessment

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Accordingly, in terms of the aforesaid, Ground No. 3 to\n7 raised by the Assessee pertaining to merits of such\nadditions/disallowances are dismissed as having been rendered\ninfructuous

143(3) read with Section 147 of the Act\nwas disposed off as dismissed. The Assessee has raised 6\ngrounds of appeal which are taken up hereinafter in seriatim.\n\nGround No.1 & 2\n\n26. Ground No. 1 & 2 raised by the Assessee challenged the validity\nof the reassessment

IMK HOTELS PRIVATE LIMITED ,MUMBAI vs. THE INCOME TAX OFFICER -WARD 6(3)(1), MUMBAI

In the result, the appeal by the assessee is allowed

reassessment\nproceedings, the AO vide order dated 06/02/2015 held that as the case was\nnot subject to regular scrutiny assessment under section 143(3) earlier, the\nissue of share premium received was not examined. Though, it is true that, in\nthe present case, as the return of income filed by the assessee was processed\nunder section 143(1

JAMNADAS VIRJI SHARES AND STOCK BROKERS PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX 4(3)(1), MUMBAI

1), wherein the claim of exemption in respect of dividend\nincome was accepted and the business loss returned by the\nassessee was also accepted. Even in the reassessment\nproceedings, the Assessing Officer, in the body of the\nreassessment order passed under section 143

THE NEW INDIA ASSURANCE CO. LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(2)(2), MUMBAI

143(3) read with Section 147 of the Act \nwas disposed off as dismissed. The Assessee has raised 6 \ngrounds of appeal which are taken up hereinafter in seriatim. \nGround No.1 & 2 \n26. Ground No. 1 & 2 raised by the Assessee challenged the validity \nof the reassessment

INCOME TAX OFFICER (IT)-3(2)(1), KAUTILYA BHAWAN vs. SHAPOORJI PALLONJI MISTRY, MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Amit Shukla & Shri Girish Agrawal

143(2) of 154-155 the Act 17. 27th May 2023 Notice u/s 142(1) issued wherein Approval of 156-157 Principal Chief Commissioner of Income Tax. International Taxation. New Delhi dated 27th July 2022 for order u/s 148A(d) and issued of notice u/s 148 was provided 18. 30th May 2023 Draft assessment order u/s 144C(1) r.w.s

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

Bench: SHRI VIKRAM SINGH YADAV , ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

1. The CIT(A) erred in confirming the action of the AO by treating the reassessment order passed under section 143

THE NEW INDIA ASSURANCE CO LTD,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 3(2)(2), MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

Bench: SHRI VIKRAM SINGH YADAV , ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

1. The CIT(A) erred in confirming the action of the AO by treating the reassessment order passed under section 143

DCIT 3.2.1, MUMBAI vs. THE NEW INDIA ASSURANCE CO LIMITED, MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

1. The CIT(A) erred in confirming the action of the AO by treating the reassessment order passed under section 143

THE NEW INDIA ASSURANCE CO. LTD ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 3(2)(2), MUMBAI

Accordingly, Ground No.1 to 4 raised by the Assessee are allowed

Bench: SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

1. The CIT(A) erred in confirming the action of the AO by treating the reassessment order passed under section 143

SURENDRA GARG HUF ,MUMBAI vs. ITO- 19(3)(4), MUMBAI

143(1)", "Section 147", "Section 10(38)", "Section 68", "Section 153A", "Section 153C", "Section 148", "Section 132", "Section 132A", "Section 131" ], "issues": "1. Whether the reassessment

INCOME TAX OFFICER (INTERNATIONAL TAXATION) 3(2)(1), KAUTILYA BHAWAN MUMBAI vs. SHAPOORJI PALLONJI MISTRY, MUMBAI

In the result, both appeals by the Revenue are dismissed and the\ntwo Cross Objections of the assessee are allowed

reassessment proceedings and orders were quashed.", "result": "Dismissed", "sections": [ "147", "148", "148A", "149", "151", "143(3)", "68", "142(1)", "143

VIIKING MEDIA & ENTERTAINMENT PVT. LTD,MUMBAI vs. ACIT (IT) CENTRAL CIR4(4), MUMBAI

In the result, appeal filed by the assessee is partly allowed as indicated above

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms Kavitha Rajagopal, Hon'Blev. Acit – Central Circle-4(4) Viiking Media & Entertainment Pvt Ltd., 604-065, 6Th Floor, Gateway Plaza, Air India Building Hiranandani Garden Nariman Point, Mumbai – 400 021 Central Avenue, Powai, Mumbai - 400076 Pan: Aaacj9884E (Appellant) (Respondent) Shri Neelkant Khandelwal Assessee Represented By : Ms. Richa Gulati Department Represented By :

143(3). It is pertinent to refer to the provisions of section 153C(1) and the first proviso to section 153C(1) as it stood then – “153C. (1) Notwithstanding in section anything contained 139, section 147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that,— (a) any money, bullion, jewellery or other valuable