INCOME TAX OFFICER, WARD-1(3)(1), SURAT, ADAJAN, SURAT vs. CHANDUBHAI JADAVBHAI KORAT, SURAT
In the result, the appeal of the revenue is dismissed
ITA 720/SRT/2024[2015-16]Status: DisposedITAT Surat21 Nov 2025AY 2015-16
Bench: Dinesh Mohan Sinha & Shri Bijayananda Pruseth(Hybrid Hearing) Ito, Vs. Chandubhai Jadavbhai Korat, Ward – 1(3)(1), 5, Raghuvir Bungalow, City Light Surat Road, Bharthana, B.O. Umra, Surat – 395007 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abqpk7796L (Appellant) (Respondent) Co No.36/Srt/2024 (Ay 2015-16) (Arising Out Of Ita No.720/Srt/2024) Chandubhai Jadavbhai Korat, Vs. Ito, 5, Raghuvir Bungalow, City Light Road, Ward – 1(3)(1), Bharthana, B.O. Umra, Surat - 395007 Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abqpk7796L (Appellant) (Respondent) Appellant By Shri Mukesh Jain, Cit-Dr Respondent By Shri Rasesh Shah, Ca Date Of Hearing 02/09/2025 Date Of Pronouncement 21/11/2025
Section 147Section 148Section 148ASection 151Section 68
138 days due to the pronouncement of the judgment of Hon’ble Supreme Court in case of UOI vs. Rajeev Bansal, 167 taxmann.com 70 (SC) on 03.10.2014 after the due date for filing cross-objection. As per the judgment of the Hon’ble Supreme Court, re- assessment u/s 147 of the Act becomes invalid for AY 2015-16. Hence