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

In the result, the order of the Ld

239\nCTR 0478 :(2010) 194 TAXMAN 0043 :(2010) 045 DTR 0281 CIT v.\nDwarkadhish Investment (P) Ltd., Bharti Syntex Ltd. v. Dy. CIT (2011)\n052 DTR 0073, CIT v. Chandela Trading Co. P. Ltd. 2015 TaxPub(DT)\n1383 (Cal-HC). However, the Ld. DR brought to our notice that no such\ndiscussion relating to section 68

RANJEET SINGH,PATNA vs. ITO, WARD- 5 (5), PATNA

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

239] submitted that the Hon’ble High Court held that, in case of proceedings-initiated u/s. 143(3) r.w.s. 147 requirements to issue notice u/s. 143(2) is mandatory and Section 292BB does not in any manner grant any privilege to Assessing Officer in dispensing with issue of notice u/s. 143(2) of the Act. Appellant also placed reliance

SUDHIR KUMAR,PATNA vs. I.T.O., PATNA

In the result, the appeal of assessee is partly allowed

Bench: Shri Rajpal Yadav, Vice- & Shri Girish Agrawalassessment Year: 2010-11 Shri Sudhir Kumar, Income-Tax Officer, Ward-6(1), Vs. Patna. Patna. (Pan: Amlpk4871E) (Appellant) (Respondent) Present For: Appellant By : Shri K. M. Mishra, Advocate Respondent By : Shri Sanjay Mukherjee, Cit(Dr) Date Of Hearing : 16.03.2022 Date Of Pronouncement : 26.05.2022 O R D E R Per Girish Agrawal: This Appeal By The Assessee Is Directed Against The Order Of Ld. Cit(A), Dhanbad, Camp Office At Patna Appeal No. 71/Cit(A)-Ii/13-14 Dated 25.02.2014 For A.Y. 2010-11 Passed Against The Assessment Order U/S 143(3) Of The Income-Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) By Ito, Ward-6(1), Patna, Dated 26.03.2013. 2. Brief Facts Of The Case Are That Assessee Had Filed Return Of Income On 18.10.2010 Reporting Total Income Of Rs.3,01,260/-. In The Course Of Assessment Proceedings, The Ld. Ao Sought Details On Various Aspects Of The Income Reported By The Assessee & Completed The Assessment By Making The Additions As Under: “Total Income As Per Return Rs. 3,01,260/- Add: As Discussed In Para D Rs. 3,42,708/- Add: As Discussed In Para E Rs. 14,03,744/- Add: As Discussed In Para F Rs. 58,92,354/- Total Income Rs. 89,40,066/-“

section 44AD of the Act, ld. CIT(A) by accepting the said claim, recomputed the calculations made by the ld. AO by taking net profit rate of 8% which comes to Rs.1,37,100/-. Total income was thus re-computed by ld. CIT(A) by including interest income of Rs.3,68,871/- at Rs.5,05,971/-. 3 Sudhir Kumar