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1 result for “reassessment u/s 147”+ Section 194Cclear

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Key Topics

Section 1472

ASSTT.COMMISSIONER OF INCOME TAX ,CIRCLE-4, NAGPUR vs. SHRI NANDLAL B MALOO, NAGPUR

In the result, assessee’s cross objection is partly allowed

ITA 311/NAG/2012[2004-05]Status: DisposedITAT Nagpur30 Jun 2017AY 2004-05

Bench: Shri P.K. Bansal & Shri Amarjit Singh

For Appellant: Shri Abhay AgrawalFor Respondent: Shri A.R. Ninawe
Section 147Section 148Section 153A

147 are started the ITO has not only the jurisdiction but also the duty to complete the assessment denovo and what is true of assm is also rule of reassessment because reassessment is nothing but a fresh assessment. 8.1 As regards the issue whether the addition is justified it is necessary to recapitulate the facts of the case. The income