Search: reassessment u/s 147

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Section 143(3)6 Section 2635 Section 263(2)2

KROSS LIMITED,JAMSHEDPUR vs. PCIT, RANCHI, RANCHI

In the result, the appeal of the assessee is allowed

ITA 34/RAN/2022[12-13]Status: DisposedITAT Ranchi06 Jun 2023

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

Section 133(6)Section 143(3)Section 147Section 148Section 263Section 263(2)Section 56(2)(vii)

9. In the instant case before us also the issue on which the ld. PCIT proposed the revision of reassessment order dated 25.10.2019 passed u/s 143(3) r.w.s 147 of the Act in which the issue of equity shares at premium was not the subject matter of reassessment proceedings. Therefore, the period of limitation has to run from