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2 results for “reassessment”+ Section 72A(2)clear

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Mumbai15Chennai10Ahmedabad5Kolkata4Pune2Bangalore2Hyderabad2Jaipur2Jodhpur1

Key Topics

Section 1485Section 40A(3)5Section 143(3)4

ITO, WARD-1(1), SOLAPUR, SOLAPUR vs. MS. KSHIRSAGAR FABRICS, SOLAPUR

In the result, the appeal filed by the Revenue is dismissed

ITA 97/PUN/2024[2009-10]Status: DisposedITAT Pune17 Sept 2024AY 2009-10

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2009-10

For Appellant: Shri Nikhil PathakFor Respondent: Shri Sourabh Nayak, Addl. CIT
Section 143(3)Section 147Section 148Section 40A(3)

72A, set-off of brought forward losses on amalgamating company on amalgamation with assessee was not in order, reopening of assessment on second thought on same audit objection was not permissible while exercising powers under section 147 read with section 148. 13. Referring to the decision of the Hon'ble Supreme Court in the case of ACIT vs. ICICI Securities

DEPUTY COMMISSIONER OF INCOME-TAX vs. FRESENIUS KABI INDIA PVT. LTD.,, PUNE

In the result, the appeal of the Revenue is dismissed

ITA 2096/PUN/2016[2006-07]Status: DisposedITAT Pune21 Jan 2019AY 2006-07

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita No.2096/Pun/2016 िनधा"रण वष" / Assessment Year : 2006-07 Dcit, Circle- 1(2), .......अपीलाथ" / Appellant Pune. बनाम / V/S. Fresenius Kabi India Pvt. Ltd., Heritage House, 6 – E, Ramabai Ambedkar Road, Pune. ……""यथ" / Respondent Pan : Aaacf2614E Revenue By : Smt. Amrita Mishra, Cit Assessee By : Shri Nikhil Pathak सुनवाई क" तारीख / Date Of Hearing : 01.01.2019 घोषणा क" तारीख / Date Of Pronouncement : 21.01.2019 आदेश / Order Per D. Karunakara Rao, Am: This Appeal Is Filed By The Revenue Against The Order Of Cit(A)-1, Pune Dated 02.06.2016 For The Assessment Year 2006-07. 2. The Grounds Raised By The Revenue Are As Under :- “1. The Order Of The Ld. Commissioner Of Income-Tax (Appeals) Is Contrary To Law & To The Facts & Circumstances Of The Case. 2. The Ld. Commissioner Of Income-Tax (Appeals) Grossly Erred In Allowing Set Off Of Unabsorbed Depreciation To The Tune Of Rs.30 Crs. 3. The Ld. Commissioner Of Income-Tax (Appeals) Grossly Erred In Allowing The Ground In Favour Of Assessee Ignoring The Provisions Of Section 72A Of The Act. 4. For These & Such Other Grounds As May Be Urged At The Time Of Hearing, The Order Of The Ld. Commissioner Of Income-Tax (Appeals) May Be Vacated & That Of The Assessing Officer Be Restored.

For Appellant: Shri Nikhil PathakFor Respondent: Smt. Amrita Mishra, CIT
Section 143(3)Section 148Section 72A

section 72A of the Act. 4. For these and such other grounds as may be urged at the time of hearing, the order of the Ld. Commissioner of Income-tax (Appeals) may be vacated and that of the assessing officer be restored. 2 5. The appellant craves to add, amend, alter or delete any of the grounds of appeal during