M/S KAMAT REAL ESTATE DEVELOPERS,,PANAJI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), PANAJI., PANAJI
In the result, appeal of the Assessee is allowed
ITA 336/PAN/2018[2005-06]Status: DisposedITAT Panaji17 Aug 2022AY 2005-06
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal
For Appellant: Sh Sandip Bhandare, C.AFor Respondent: Sh Mayur Kamble, Sr. D.R
Section 142(1)Section 143(1)Section 143(3)Section 147Section 148
section 147 of I.T. Act.
2. In the facts and circumstances of the case, the Commissioner of Income Tax
(Appeals) erred in holding that the reassessment proceedings initiated u/s 147 of I.T. Act by the Assessing Officer were valid, although nothing had been recorded by the Assessing Officer in the reasons about any failure on the part of the Appellant
