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3 results for “reassessment”+ Section 264clear

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Key Topics

Section 143(3)7Section 1475Section 1482Section 2632Addition to Income2

SHREE MEENAWALA CASTING,RAJKOT vs. THE PCIT, RAJKOT-1, RAJKOT, RAJKTO

In the result, the appeal of the assessee is allowed

ITA 158/RJT/2022[2017-18]Status: DisposedITAT Rajkot28 Sept 2022AY 2017-18
For Appellant: Shri Mehul Ranpura, A.RFor Respondent: Shri Aarsi Prasad, CIT-D.R
Section 143(3)Section 263

section 264 is to be given by the Assessing Officer [or the Transfer Pricing Officer, as the case may be,] wholly or partly, otherwise than by making a fresh assessment or reassessment

SHRI BHARATKUMAR IASHWARBHAI BHATIYA,RAJKOT vs. THE ACIT, CENTRAL CIRL-1,, RAJKOT

In the result, appeals filed by the Revenue, in ITA No

ITA 44/RJT/2023[2006-07]Status: DisposedITAT Rajkot
19 Jun 2025
AY 2006-07

Bench: Dr. Arjun Lal Saini & Dinesh Mohan Sinhaआयकर अपील सं./Ita No. 134 & 135/Rjt/2023 (िनधा"रणवष" / Assessment Years: (2007-08 & 2008-09) Income Tax Officer, Ward- Shri Kherajmal Lekhrajbjai 5Th 1(2)(1), Aaykar Bhavan, Thavrani, 4- Parsana Nagar, Shri Vs. Floor, Room No. 517, Race Vaheguru Grupa, Near Refugee Course Ring Road, Rajkot-360 Colony, Rajkot-360 001 001 "थायी लेखा सं./जी आइ आर सं./Pan/Gir No.: Adrpt 5807 E (Appellant) (Respondent)

264 ITR 254 (Gauhati)/[2003] 185 CTR 635 (Gauhati), it has been observed that merely because a transaction takes place by cheque is not sufficient to discharge the burden. The assessee has to prove the identity of the creditors and genuineness of the transaction. “It cannot be said that a transaction, which takes place by way of cheque, is invariably

SHRI SWASTIK COLOR LAB,,JAMNAGAR vs. THE INCOME TAX OFFICER-WARD-3(1), , JAMNAGAR

In the result, the appeal filed by the assessee is partly allowed

ITA 29/RJT/2019[2011-12]Status: DisposedITAT Rajkot16 Nov 2022AY 2011-12

Bench: Shri Waseem Ahmed & Shri T.R Senthil Kumarआयकर अपील सं./Ita No. 29/Rjt/2019 िनधा"रण वष"/Asstt. Years: 2011-2012 Shri Swastik Color Lab, I.T.O., Nr. Scooter House, Vs. Ward-3(1), Jamnagar. Jamnagar.

For Appellant: Shri Mehul Ranpura, A.RFor Respondent: Shri B.D Gupta, CIT. D.R
Section 143(3)Section 147Section 148

264/-) Against this the assessee had claimed remuneration of Rs.5,98,897/-. Hence the excess amount of rs.2,07,132/- is required to be taxed. 12.1 From the above reasons recorded by the AO, it is revealed that the proceedings under section 147 of the Act were initiated on the verification of the A.Y. 2011-12 5 case records which