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2 results for “reassessment u/s 147”+ Section 80Aclear

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Hyderabad24Delhi11Mumbai9Jaipur8Chennai7Cochin5Guwahati5Visakhapatnam3Bangalore3Lucknow3Pune2Ahmedabad2Surat1

Key Topics

Section 80P5Section 80A3Section 80P(2)(a)2Section 80A(5)2Section 2502Section 143(3)2Reassessment2Disallowance2Addition to Income2

M/S LORGAN LIFESTYLE LTD.,PUNE vs. ITO, WARD14(4), PUNE, PUNE

In the result, appeal of the assessee is allowed as per terms indicated above

ITA 215/PUN/2025[2015-16]Status: DisposedITAT Pune03 Sept 2025AY 2015-16

Bench: Dr.Manish Borad & Ms.Astha Chandra

For Appellant: Shri B S RajpurohitFor Respondent: Shri Amol Khairnar
Section 143(3)Section 250

u/s 148 would be necessary, the legality of which would be tested in the event of a challenge by the assessee. 17. We have approached the issue of interpretation that has arisen for decision in these appeals, both as a matter of first principle, based on the language used in Section 147(1) and on the basis of the precedent

BAGLAN PRATHMIK SHIKSHAK SAHKARI PATSANSTHA MARYADIT,NAMPUR vs. INCOME TAX OFFICER, MALEGAON

In the result, appeal of the assessee is treated as allowed for statistical purposes

ITA 358/PUN/2025[2017-18]Status: DisposedITAT Pune17 Sept 2025AY 2017-18

Bench: Shri Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.358/Pun/2025 िनधा"रण वष" / Assessment Year : 2017-18 Baglan Prathmik Shikshak Vs. Ito, Ward-2, Malegaon. Sahkari Patsanstha Maryadit, Nampur, Baglan, Nashik- 423204. Pan : Aadab1392C Appellant Respondent Assessee By : Shri Pramod Shingte Revenue By : Shri Ramnath P. Murkunde Date Of Hearing : 05.08.2025 Date Of Pronouncement : 17.09.2025 आदेश / Order Per Vinay Bhamore, Jm: This Appeal Filed By The Assessee Is Directed Against The Order Dated 13.12.2024 Passed By Ld. Cit(A)/Nfac For The Assessment Year 2017-18. 2. The Appellant Has Raised The Following Grounds Of Appeal :- “1. On The Facts & In Circumstances Of The Case & In Law, Ld. Ao Erred In Making Various Additions Other Than The Reasons For Which The Case Was Reopened, I.E. Cash Deposited In Bank During Demonetization Period, As He Was Satisfied With Explanation Offered During The Course Of Reassessment Proceedings, Other Additions Are Not Permissible As Per The Provisions Of Section 147, In View Of The Judgment Of Hon'Ble Jurisdictional High Court In The Case Of Cit Vs. Jet Airways (1) Ltd. 331 Itr 236 (Bom).

For Appellant: Shri Pramod ShingteFor Respondent: Shri Ramnath P. Murkunde
Section 142(1)Section 147Section 80ASection 80A(5)Section 80PSection 80P(2)(a)

reassessment proceedings, other additions are not permissible as per the provisions of section 147, in view of the judgment of Hon'ble jurisdictional High Court in the case of CIT vs. Jet Airways (1) Ltd. 331 ITR 236 (BOM). 2 2. On the facts and in the circumstances of the case and in law. the lower authorities have erred