M/S KING EXPORTS THRU MADAN LAL vs. COMMISSIONER OF INCOME TAX, LUDHIANA

Bench: MRS. JUSTICE LISA GILL,MRS. JUSTICE MEENAKSHI I. MEHTA

3.—For the purpose of assessment or reassessment under this section, the Assessing Officer may assess or reassess the income

THE PR COMMISSIONER OF INCOME TAX-2 CHANDIGARH vs. M/S SWARAJ ENGINES LTD MOHALI

Bench: MR. JUSTICE AJAY TEWARI,MR. JUSTICE AVNEESH JHINGAN

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections

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

Appeals stands dismissed in limine

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

3. The Tribunal, vide order dated 13.11.2017 (Annexure A-3) came to the conclusion that the CIT (Appeal) had deleted the impugned addition made by the Assessing Officer observing that no incriminating material was found during the search action carried out in the case of the assessee. The Income Tax Returns and assessment proceedings already stood concluded on the date

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

Appeal is dismissed

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

3. Reassessment proceedings were initiated under Sections 147/148 of the Income Tax Act, 1961. The respondent-assessee had made bogus

C I T vs. M/S PUNAJB STATE WAREHOUSING CORP.

Appeal is allowed, impugned order dated

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

reassess under Section 147 of the Act. The assessment order has been passed under Section 143(3) of the Act, Annexure

C I T vs. M/S PUNAJB STATE WAREHOUSING CORP.

Appeal is allowed, impugned order dated

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

reassess under Section 147 of the Act. The assessment order has been passed under Section 143(3) of the Act, Annexure

COMMISSIONER OF INCOME TAX-I LUDHIANA vs. M/S VERDHMAN TEXTILES LTD. LUDHIANA

Appeal is dismissed

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

3) of the Income Tax Act was completed vide order dated AJAY PRASHER 2023.04.10 11:34 I attest to the accuracy and integrity of this document ITA No.315 of 2011 (O&M) -2- 30.12.2009. However, the Assessing Officer, after recording the reasons for reopening the assessment under Section 147 of the Income Tax Act, issued notice to the assessee under

HRY WAREHOUSING CORPORATION, vs. JOINT COMMISSIONER OF IT

Bench: MR. JUSTICE AMARINDER SINGH GREWAL,MR. JUSTICE JAGMOHAN BANSAL

3) of 1961 Act was framed by Assessing Authority. The appellant filed income tax returns which were merely processed. There was no assessment order on the part of Assessing Officer, thus, Assessing Officer in view of judgment of Rajasthan High Court in Rajasthan State Warehousing Corporation (supra) was quite competent to reopen assessment in terms of Section