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2 results for “reassessment”+ Section 207clear

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Key Topics

Section 153A4Section 69A3Section 142(1)3Section 143(3)2Section 115B2Addition to Income2

DY. C.I.T. CENTRAL CIR.-2(2), NAGPUR vs. M/S SHREE AGRAWAL FINANCE INDIA P. LTD.,, NAGPUR

ITA 175/NAG/2016[2010-11]Status: DisposedITAT Nagpur21 Mar 2025AY 2010-11
Section 143(3)Section 153A

207, 2nd Floor\n216, Wardhman Nagar\nAayakar Bhavan, Civil Lines\nNagpur - 440008\nTelangkhedi Road\nNagpur - 440001\nPAN – AABCM6900C\n(Appellant)\n(Respondent)\nAssessee Represented by\nShri Sachin V. Luthra, CA\nRevenue Represented by\nShri Sandipkumar Salunke, CIT(DR)\nDate of conclusion of hearing\n23.01.2025\nDate of pronouncement of order\n21.03.2025\nORDER\nPER K.M. ROY, ACCOUNTANT MEMBER\nThe Revenue has filed

SUMIT PRAKASHRAO FULZELE,CHANDRAPUR vs. ITO WARD 2 , CHANDRAPUR

In the result, appeal filed by the assessee is allowed

ITA 35/NAG/2024[2017-18]Status: DisposedITAT Nagpur18 Nov 2024AY 2017-18

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Abhay Agrawal
For Respondent: Shri Abhay Y. Marathe
Section 115BSection 142(1)Section 144Section 250Section 69A

207 (SC) wherein it was held that High Court upheld reassessment in case where assessee had made a deposit of cash in bank during demonetization period, which was reflected in his return of income, but no supporting evidences were available to prove source of such deposit leading to 'reason to believe that income otherwise chargeable to tax had escaped assessment