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

reassessment order passed under section\n143(3) read with section 147 of the Income Tax Act (‘the\nAct’) as valid.\n2. The CIT(A) failed to appreciate the fact that in the reasons\nrecorded, the AO has not disclosed any specific non-\ndisclosure of material facts by the appellant.\"\n8. We have heard the both the sides in relation

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

reassessment order passed under section\n143(3) read with section 147 of the Income Tax Act (‘the\nAct’) as valid.\n\n2. The CIT(A) failed to appreciate the fact that in the reasons\nrecorded, the AO has not disclosed any specific non-\ndisclosure of material facts by the appellant.”\n\n8. We have heard the both the sides

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)

reassessment proceedings were initiated in the case of the Assessee which culminated into passing of Assessment Order, dated 29/06/2016 under Section 143(3) read with Section 147 of the Act. Thereafter, the case was again reopened under Section 147 of the Act after recording the reason and after obtaining the approval from the competent authority. The notice under Section

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)

reassessment proceedings were initiated in the case of the Assessee which culminated into passing of Assessment Order, dated 29/06/2016 under Section 143(3) read with Section 147 of the Act. Thereafter, the case was again reopened under Section 147 of the Act after recording the reason and after obtaining the approval from the competent authority. The notice under Section

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)

reassessment proceedings were initiated in the case of the Assessee which culminated into passing of Assessment Order, dated 29/06/2016 under Section 143(3) read with Section 147 of the Act. Thereafter, the case was again reopened under Section 147 of the Act after recording the reason and after obtaining the approval from the competent authority. The notice under Section

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)

reassessment proceedings were initiated in the case of the Assessee which culminated into passing of Assessment Order, dated 29/06/2016 under Section 143(3) read with Section 147 of the Act. Thereafter, the case was again reopened under Section 147 of the Act after recording the reason and after obtaining the approval from the competent authority. The notice under Section

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

reassessment order passed under section\n143(3) read with section 147 of the Income Tax Act (‘the\nAct’) as valid.\n\n2. The CIT(A) failed to appreciate the fact that in the reasons\nrecorded, the AO has not disclosed any specific non-\ndisclosure of material facts by the appellant.”\n\n8. We have heard the both the sides

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

reassessment order passed under section \n143(3) read with section 147 of the Income Tax Act (‘the \nAct’) as valid. \n2. The CIT(A) failed to appreciate the fact that in the reasons \nrecorded, the AO has not disclosed any specific non \ndisclosure of material facts by the appellant.” \n8. We have heard the both the sides in relation

MR NILESH BHARANI,MUMBAI vs. DCIT CC 4(1), MUMBAI

Bench: Shri Amit Shukla, Jm & Shri Amarjit Singh, Am आयकरअपीलसं./ I.T.A. No. 612/Mum/2020 (निर्धारणवर्ा / Assessment Year: 2011-12)

sections legislated for the purpose that no time limit has been prescribed by the statute anywhere to issue a notice u/s 153A of the Act requiring the person searched to furnish the return of income therein for assessment / reassessment as is prescribed for issuing a notice u/s 148 of the Act. The limitation stipulated by the legislature is only

TITIAN LABORATORIES P.LTD,MUMBAI vs. DCIT CIR 10(2), MUMBAI

In the result, appeals of the assessee are partly allowed as indicated above and appeal of the Revenue is dismissed

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

35. On the other hand, Ld. DR placed reliance on the orders of the Authorities below. 36. We have heard the rival submissions, perused the orders of the authorities below. Ld.CIT(A) had considered the submissions of the assessee and taking note of the fact that the assessee himself in his revised return of income offered additional income based

TITIAN LABORATORIES P.LTD,MUMBAI vs. DCIT CIR 10(2), MUMBAI

In the result, appeals of the assessee are partly allowed as indicated above and appeal of the Revenue is dismissed

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

35. On the other hand, Ld. DR placed reliance on the orders of the Authorities below. 36. We have heard the rival submissions, perused the orders of the authorities below. Ld.CIT(A) had considered the submissions of the assessee and taking note of the fact that the assessee himself in his revised return of income offered additional income based

DCIT-14(3)(1), MUMBAI vs. M/S TITAN LABORATORIES PVT LTD., MUMBAI

In the result, appeals of the assessee are partly allowed as indicated above and appeal of the Revenue is dismissed

Bench: Shri C.N. Prasad, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

35. On the other hand, Ld. DR placed reliance on the orders of the Authorities below. 36. We have heard the rival submissions, perused the orders of the authorities below. Ld.CIT(A) had considered the submissions of the assessee and taking note of the fact that the assessee himself in his revised return of income offered additional income based

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 6(1)(2), MUMBAI, MUMBAI vs. JAYANT AGRO ORGANICS LTD, MUMBAI

In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for assessme...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

section 147 of the Act. The Appellant had also filed a rectification application before the Commissioner of Income rectification application before the Commissioner of Income rectification application before the Commissioner of Income-tax (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant

JAYANT AGRO- ORGANICS LTD,MUMBAI vs. DCIT-6(1)(2), MUMBAI

In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for assessme...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

section 147 of the Act. The Appellant had also filed a rectification application before the Commissioner of Income rectification application before the Commissioner of Income rectification application before the Commissioner of Income-tax (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant

ASSISTANT COMMISSIONER OF INCOME TAX- CIRCLE 6(1)(2), MUMBAI, MUMBAI vs. JAYANT AGRO ORGANICS LTD., MUMBAI

In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for assessme...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

section 147 of the Act. The Appellant had also filed a rectification application before the Commissioner of Income rectification application before the Commissioner of Income rectification application before the Commissioner of Income-tax (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant

JAYANT AGRO- ORGANICS LTD,MUMBAI vs. DCIT-6(1)(2), MUMBAI

In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for assessme...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

section 147 of the Act. The Appellant had also filed a rectification application before the Commissioner of Income rectification application before the Commissioner of Income rectification application before the Commissioner of Income-tax (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 6(1)(2) MUMBAI, MUMBAI vs. JAYANT AGRO ORGANICS LTD., MUMBAI

In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for assessme...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

section 147 of the Act. The Appellant had also filed a rectification application before the Commissioner of Income rectification application before the Commissioner of Income rectification application before the Commissioner of Income-tax (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant

JAYANT AGRO-ORGANICS LTD,MUMBAI vs. DCIT-6(1)(2), MUMBAI

In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for In the result, the appeals of the assessee and the Revenue for assessme...

Bench: Shri Om Prakash Kant () & Shri Sunil Kumar Singh ()

section 147 of the Act. The Appellant had also filed a rectification application before the Commissioner of Income rectification application before the Commissioner of Income rectification application before the Commissioner of Income-tax (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant has received the order of rectification from (Appeals) and the appellant