THE ACIT, CIRCLE-1,, SURAT vs. M/S. MICRO POLYESTER PVT. LTD., SURAT
In the result, the grounds of appeal raised by the revenue are dismissed
ITA 2678/AHD/2014[2005-06]Status: DisposedITAT Surat12 Apr 2023AY 2005-06
Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Physical Hearing) A.C.I.T., M/S Micro Polyster Pvt. Ltd., Circle-1, 2025, Jash Textile Market, Ring Vs. Surat. Road, Surat-395002. Pan No. Aabcm 6127 E Appellant/ Revenue Respondent/ Assessee
Section 143(3)Section 145ASection 147Section 148Section 254(1)Section 43B
reassessment. Similarly, in case of ITO Vs Nawab Mir Barkat Ali Khan
Bahadur 97 ITR 239 (SC), the Hon’ble Supreme Court held that having second thoughts on the same material and omission to draw correct legal presumption during original assessment do not warrant the initiation of proceedings under Section