AMAR KASERA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, all the captioned appeals of the assessee stand allowed

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

151(1) of Income Tax Act, 1961. Accordingly, the reassessment proceedings were held to be bad- in-law.” 12. As discussed above, the reasons recorded by the Assessing Officer, were not sufficient for reopening of the assessment and further the satisfaction recorded by the Ld. JCIT do not show the application of mind rather seems to be mechanically recorded, therefore

AMAR KASERA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, all the captioned appeals of the assessee stand allowed

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

151(1) of Income Tax Act, 1961. Accordingly, the reassessment proceedings were held to be bad- in-law.” 12. As discussed above, the reasons recorded by the Assessing Officer, were not sufficient for reopening of the assessment and further the satisfaction recorded by the Ld. JCIT do not show the application of mind rather seems to be mechanically recorded, therefore

AMAR KASERA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, all the captioned appeals of the assessee stand allowed

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

151(1) of Income Tax Act, 1961. Accordingly, the reassessment proceedings were held to be bad- in-law.” 12. As discussed above, the reasons recorded by the Assessing Officer, were not sufficient for reopening of the assessment and further the satisfaction recorded by the Ld. JCIT do not show the application of mind rather seems to be mechanically recorded, therefore

AMAR KASERA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, all the captioned appeals of the assessee stand allowed

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

151(1) of Income Tax Act, 1961. Accordingly, the reassessment proceedings were held to be bad- in-law.” 12. As discussed above, the reasons recorded by the Assessing Officer, were not sufficient for reopening of the assessment and further the satisfaction recorded by the Ld. JCIT do not show the application of mind rather seems to be mechanically recorded, therefore

AMAR KASERA (HUF),PATNA vs. ACIT CENTRAL CIRCLE-1, PATNA

In the result, all the captioned appeals of the assessee stand allowed

Bench: Sri Sanjay Garg & Shri Sanjay Awasthi

151(1) of Income Tax Act, 1961. Accordingly, the reassessment proceedings were held to be bad- in-law.” 12. As discussed above, the reasons recorded by the Assessing Officer, were not sufficient for reopening of the assessment and further the satisfaction recorded by the Ld. JCIT do not show the application of mind rather seems to be mechanically recorded, therefore

ACIT, CENTRAL CIRCLE-2, PATNA vs. M/S MAXXON VANIJYA & RESOURCES PVT LTD, KOLKATA

In the result, the order of the Ld

2) of the Act was also issued and the case was scrutinised. The\nbooks of accounts were examined, the documents produced, the replies\nand other documents filed by the assessee were perused and examined\nby the Assessing Officer (hereinafter referred to as ‘the Ld. AO'). The\ntotal income of the assessee assessed at ₹4,07,05,840/- u/s 153C r.w.s

PRERNA AGENCY PRIVATE LIMITED,KOLKATA vs. INCOME TAX OFFICER, WARD 2(2), PATNA

In the result, the appeal of the assessee is allowed

Bench: SHRI DUVVURU RL REDDY, VICE PRESIDENT SHRI SANJAY AWASTHI (Accountant Member)

Section 68 of the Act, after giving the benefit of opening cash balance of Rs. 23,22,604/-. 1.2 Before the Ld. CIT(A) also, the assessee could not succeed as the Ld. CIT(A) concluded that before him the same set of facts were presented, as were before the Ld. AO, and hence he dismissed the same