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2 results for “reassessment u/s 147”+ Section 234clear

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Key Topics

Section 1477Section 1487Section 402Section 133(6)2Capital Gains2Reopening of Assessment2

YUSUFBHAI GAFURBHAI SHAIKH,SURAT vs. I.T.O WARD- 3(2)(6), SURAT

In the result, the appeal of the assessee is allowed

ITA 494/SRT/2025[2010-11]Status: HeardITAT Surat22 Jan 2026AY 2010-11

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra Kamble

Section 133Section 133(6)Section 147Section 148Section 234Section 250

147 of the Act, Such re-opening is authorized where no return of income has been furnished by the assessee, where the appellant has duly submitted his return income on 30/8/2013 vide ASK 101300813051938 in of response to notice dtd. 29/7/2013 bearing No.NMS/ASNPS6552Q/236136. On the facts and in the circumstances of the case, the re-opening notice U/s.148 deserves

M/S. MAC INDUSTRIES,,VALSAD vs. THE INCOME TAX OFFICER, WARD- 6,, VAPI

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

ITA 1036/AHD/2016[2009-10]Status: DisposedITAT Surat19 Oct 2020AY 2009-10

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.1036/Ahd/2016 ("नधा"रणवष" / Assessment Year: (2009-10) M/S. Mac Industries, Vs. Income Tax Officer, Plot No.1, 2407/2, Gidc, Sarigam, Ward-6, Vapi. Ta- Umbergaon, Valsad-396230. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaefm2011M (Assessee) (Respondent) Assessee By : Shri Hardik Vora - Ar Respondent By : Ms Anupama Singhla – Sr. Dr सुनवाईक"तार"ख/ Date Of Hearing : 22/09/2020 घोषणाक"तार"ख/Date Of Pronouncement : 19/10/2020 आदेश / O R D E R Per Dr. A. L. Saini:

For Appellant: Shri Hardik Vora - ARFor Respondent: Ms Anupama Singhla – Sr. DR
Section 143(3)Section 147Section 40

Section 147 of the Act. During such reassessment proceedings, the Assessing Officer examined the question of remuneration paid by the firm to the partners. He was of the opinion that the ceiling of such remuneration for the purpose of claiming deduction had to be computed after ignoring the interest income of the assessee-firm earned on fixed deposits which came