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2 results for “reassessment u/s 147”+ Reopening of Assessmentclear

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Key Topics

Section 1473Section 1392Section 10(29)2Section 1432Section 1482Section 143(3)2

HRY WAREHOUSING CORPORATION, vs. JOINT COMMISSIONER OF IT

ITA/526/2005HC Punjab & Haryana20 Nov 2025

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

Section 10(29)Section 139Section 143Section 143(3)Section 147Section 148Section 260A

reopened assessment. The reasons recorded for re-assessment by Assessing Authority read as: "In this case the assessee filed its return of income declaring NIL taxable income claiming that whole of its income was exempt u/s 10(29) and was processed u/s 143(1). In view of decision of the Hon'ble High Court in the case of Rajasthan Warehousing

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

reopened u/s 147 on 30.03.2017 on the basis of the information received by the AO from the investigation wing in the form of statement recorded in the case of Sh. Madan Lal Pahuja. In the reasons recorded, the AO had mentioned that the purchases made from Madan Lal Pahuja M/s. Shiv BholeKirpa Traders Rs.1.05 Cr., Lovy Steel and Allied Industries