DCIT CIRCLE 1 NASHIK, NASHIK vs. SHREE SAI PROPERTIES, NASHIK

In the result, appeal of the Revenue is dismissed

Bench: Dr. Manish Borad & Shri Vinay Bhamore

153B and 153C of the Act and recourse of regular proceedings are barred. [para 64] Therefore, as the Hon’ble Delhi High Court has interpreted the decisions in Shyam Sunder Khandelwal (supra) and VSL Mining Company Private Limited (supra) as above, it would be incorrect for a lower forum to hold another view. 3.10 It is pertinent to mention here

DEPUTY COMMISSIONER OF INCOME TAX, JALGAON vs. TARADEVI RATANLAL BAFNA, JALGAON

153B was made on\n30.11.2016. Since 4 years from the end of the relevant year has not expired in this case, the only requirement to\ninitiate proceeding u/s147 is reason to believe which has been recorded above. (Refer paragraphs from 2 to\nParagraph 6 above).\n\nIt is pertinent to mention here that in this case an assessment was made

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

153B was made on\n30.11.2016. Since 4 years from the end of the relevant year has not expired in this case, the only requirement to\ninitiate proceeding u/s147 is reason to believe which has been recorded above. (Refer paragraphs from 2 to\nParagraph 6 above).\nIt is pertinent to mention here that in this case an assessment was made

ASSISTANT COMMISSIONER OF INCOME TAX, JALGAON vs. SIDHARTH RATANLAL BAFNA, JALGAON

153B was made on\n30.11.2016. Since 4 years from the end of the relevant year has not expired in this case, the only requirement to\ninitiate proceeding u/s147 is reason to believe which has been recorded above. (Refer paragraphs from 2 to\nParagraph 6 above).\nIt is pertinent to mention here that in this case an assessment was made