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