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2 results for “reassessment u/s 147”+ Section 50Dclear

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Key Topics

Section 1472

VARSHA SHRIKANT PARANJAPE,MUMBAI vs. ASSTT. COMMISSIONER OF INCOME TAX - 25(3) , MUMBAI

In the result, the appeal of the assessee is allowed

ITA 3252/MUM/2023[2011-12]Status: DisposedITAT Mumbai20 Oct 2023AY 2011-12

Bench: Shri Aby T Varkey & Shri Amarjit Singhvarsha Shrikant Vs. Acit, Circle 25(3) Paranjape, Paranjape C-10, 6Th Floor, Room No. Bungalow, 2Nd Floor, 34, 601, Pratyaksha Kar Mg Road, Vile Parle Bhavan, Bandra Kurla (East), Mumbai – 400057 Complex, Bandra (E) Mumbai – 51 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No:Aaapp6199H Appellant .. Respondent [ Appellant By : Ronak Doshi, Chaitanya Doshi & Karan Jain Respondent By : Vithal Machindra Bhosale Date Of Hearing 05.10.2023 Date Of Pronouncement 20.10.2023

For Appellant: Ronak DoshiFor Respondent: Vithal Machindra Bhosale
Section 147Section 148Section 234Section 234BSection 45(4)

147 of the Act. 1.2 The Appellant prays that the notice u/s 148 of the Act as well as consequent order be quashed. P a g e | 2 Varsha Shrikant Paranjape Vs. ACIT, Circle 25(3) WITHOUT PREJUDICE TO GROUND NO. 1: GROUND NO. 2: NON-ADJUDICATION OF GROUNDS ON MERITS IS BAD IN LAW: 2.1 On the facts

JIOSTAR INDIA PRIVATE LIMITED,MUMBAI vs. ASST CIT 16 (1), MUMBAI

ITA 7872/MUM/2019[2015-16]Status: FixedITAT Mumbai05 Jun 2023AY 2015-16

Bench: Shri R.S. Syal (V.P.), Shri Aby T. Varkey (J.M.) & Shri Prashant Maharishi (A.M.) आयकर अपील सं. / Ita. No.7872/Mum/2019 "नधा"रण वष" / Assessment Year : 2015-16

Section 255(3)

sections 45, 50A, 50C and 50D etc., substituting the full value of consideration and to sec. 49 substituting cost of acquisition in the computation of income under the head `Capital gains’. Since the transfer pricing provisions are based on the ALP concept, the fair market value is alien to the CUP method, which, in turn, seeks to compare the transacted