PRERNA AGENCY PVT LTD,KOLKATA vs. INCOME TAX OFFICER, WARD 2(1), PATNA
In the result, the appeal filed by the assessee is allowed
ITA 285/PAT/2023[2013-2014]Status: DisposedITAT Patna26 Mar 2025AY 2013-2014
Bench: Shri Rajesh Kumar&Shri Pradip Kumar Choubey]
Section 143(2)Section 143(3)Section 147Section 148Section 151
147 can only be initiated if income chargeable to tax has escaped assessment due to the assessee’s failure to fully and truly disclose all the material facts necessary for the reassessment. As per the assessment order the AO issued notice u/s 142(1) of the Act seeking details of loan transaction and assessee submitted all the relevant documents
