CLASSIC NETWORK PRIVATE LIMITED,RAJKOT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL -1 RAJKOT, RAJKOT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

M/S. CLASSIC NETWORK LIMITED,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

M/S. CLASSIC NETWORK LIMITED,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJKOT vs. CLASSIC NETWORK PVT. LTD., RJAKOT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

M/S. CLASSIC NETWORK LIMITED,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, RAJKOT-GUJARAT vs. M/S. CLASSIC NETWORK LIMITED,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

M/S. CLASSIC NETWORK LIMITED,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

CLASSIC NETWORK PRIVATE LIMITED,RAJKOT vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL -1, RAJKOT, RAJKOT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJKOT, RAJKOT vs. CLASSIC NETWORK PVT. LTD., RAJKOT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

CLASSIC NETWORK PRIVATE LIMITED,RAJKOT vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL - 1, RAJKOT, RAJKOT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT vs. M/S. CLASSIC NETWORK LIMITED,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAJKOT-GUJARAT vs. M/S. CLASSIC NETWORK LIMITED,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAJKOT-GUJARAT vs. M/S. CLASSIC NETWORK LIMITED,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

M/S. CLASSIC NETWORK LIMITED,,RAJKOT-GUJARAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1,, RAJKOT-GUJARAT

In the result, appeal filed by the assessee in ITA No

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinha

45. We note that following conditions are laid down in section 147/148 to reopen the assessment. “If the A.O. has reason to believe that any income chargeable to tax has escaped assessment for any assessment year.”  There must be material for the belief.  Circumstances must exist and cannot be deemed to exist for arriving at an opinion;  Reasons to believe

MANISH GYANCHAND JAIN,GANDHIDHAM vs. ASSTT. COMMR. OF INCOME TAX, GANDHIDHAM CIRCLE, , GANDHIDHAM

In the result the appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

section 44 AF cannot be applied. Based on the above, the AO did not allow the set off of the loss claimed by the assessee with respect to share trading activities against the shipping business. 8. Aggrieved assessee preferred an appeal to the learned CIT-A. 9. The assessee before the learned CIT-A submitted that the investigation was carried

MANISH GYANCHAND JAIN,GANDHIDHAM vs. ASSTT. COMMR. OF INCOME TAX, GANDHIDHAM CIRCLE, , GANDHIDHAM

In the result the appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

section 44 AF cannot be applied. Based on the above, the AO did not allow the set off of the loss claimed by the assessee with respect to share trading activities against the shipping business. 8. Aggrieved assessee preferred an appeal to the learned CIT-A. 9. The assessee before the learned CIT-A submitted that the investigation was carried

SHRI MANISH GYANCHAND JAIN ,GANDHIDHAM vs. THEACIT, GANDHIDHAM CIRCLE, GANDHIDHAM

In the result the appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

section 44 AF cannot be applied. Based on the above, the AO did not allow the set off of the loss claimed by the assessee with respect to share trading activities against the shipping business. 8. Aggrieved assessee preferred an appeal to the learned CIT-A. 9. The assessee before the learned CIT-A submitted that the investigation was carried

MANISH GYANCHAND JAIN,GANDHIDHAM vs. ASSTT. COMMR. OF INCOME TAX, GANDHIDHAM CIRCLE, , GANDHIDHAM

In the result the appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

section 44 AF cannot be applied. Based on the above, the AO did not allow the set off of the loss claimed by the assessee with respect to share trading activities against the shipping business. 8. Aggrieved assessee preferred an appeal to the learned CIT-A. 9. The assessee before the learned CIT-A submitted that the investigation was carried

SHRI GIRISHBHAI NANJIBHAI SOLANKI,RAJKOT vs. THE ITO, WARD-1 (1) (2), RAJKOT

Bench: Shri Waseem Ahmed & Ms. Madhumita Royआयकरअपीलसं./Ita Nos. 31 & 32/Rjt/2020 िनधा"रणवष"/Asstt. Years:2011-12, 2012-13 िनधा"रणवष" िनधा"रणवष" िनधा"रणवष"

reassessment as the case may be. In case AO has not done so, the order framed under section 143(3) read with section 147 of the Act becomes invalid. ITA Nos.31,32 & 38to40/Rjt/2020 A.Y. 2010-11 to 2012-13 7 13. Now coming to second question whether the notice under section 143(2) issued beyond the statutory time limit provided