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3 results for “reassessment”+ Addition to Incomeclear

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Key Topics

Section 153A5Addition to Income3Section 1472

PR. COMMISSIONER OF INCOME TAX GURGAON vs. M/S BHARATNET TECHNOLOGY LIMITED

Appeals stands dismissed in limine

ITA/100/2019HC Punjab & Haryana06 Nov 2023

Bench: MR. JUSTICE GURMEET SINGH SANDHAWALIA,MS. JUSTICE HARPREET KAUR JEEWAN

Section 153ASection 260A

addition can be made in respect of completed assessment in absence of any incriminating material.” SAILESH RANJAN 2023.11.09 17:10 I attest to the integrity/authenticity of this document/order ITA-100 & 116-2019 -5- 7. It was accordingly noticed that the Assessing Officer gets jurisdiction to assess or re-assess the total income in respect of each assessment year falling within

PR COMMISSIONER OF INCOME TAX (CENTRAL), GURGAON vs. M/S DHG MARKETING PVT.LTD

Appeal is dismissed

ITA/56/2019
HC Punjab & Haryana
15 May 2023

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

Section 132Section 132ASection 143(2)Section 147Section 153Section 153ASection 260Section 68

Income Tax-4 Vs. Saumya Construction, (2016) 387 ITR 529 (Gujarat) and held that no addition can be made in the case of completed assessment in the absence of any incriminating material. It has been further observed as under:- “13. xxx xxx xxx AJAY PRASHER 2023.06.02 09:44 I attest to the accuracy and integrity of this document ITA No.56

PR COMMISSIONER OF INCOME TAX-I, JALANDHAR vs. M/S SUPERTECH FORGINGS PVT LTD

Appeal is dismissed

ITA/101/2022HC Punjab & Haryana05 Sept 2023

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

Section 143(3)Section 147Section 148

Reassessment proceedings were initiated under Sections 147/148 of the Income Tax Act, 1961. The respondent-assessee had made bogus purchases of Rs.4.26 crores by inflating the expenses and thereby suppressed the profits by Rs.4.26 crores for the AY 2010-2011. 4. The bogus purchases were reflected by the statements of Sh. Madan Lal Pahuja and Jatinder Kumar before the Investigating