M/S.MALLIKARJUNA RICE INDUSTRIES vs. THE INCOME TAX OFFICER

Bench: N.TUKARAMJI,UJJAL BHUYAN

assessments on tlte bes s o: "me're change of opinion ", u'[,ic:h ..ll l( r l)e /,'r'..' reason to reoPen. \(/e must .t .'o licc r in mind the conceptual difference between po' ci' to review and power.to reassess

The Commissioner of Income Tax-III vs. M/S Sri Krishna Drugs Ltd.,

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

reassessment beyond the expiry of limitation cannot be done unless income has escaped assessment by reason of the failure on the part of the assessee to disclose fully and truly all material facts necessary for his assessment, for that assessment year. Therefore, the reasoning assigned by the learned Commissioner (A) to give the nod to the alleged validity

THE COMM. OF INCOME TAX-2, HYDERABAD vs. M/S IJM (INDIA) INFRASTRUCTURE LTD., HYDERABAD

Accordingly, the appeal (ITAT/381/2017) stands dismissed

Bench: T.VINOD KUMAR,M.S.RAMACHANDRA RAO

assessment year 2004-05. The revenue has raised the following substantial questions of law for consideration: 2 (i) Whether on the facts and in the circumstances of the case the reopening and subsequent reassessment

M/s Kausalya Agro Farms and Developers pvt. ltd vs. Deputy Commissioner of Income Tax

The appeals are allowed

Bench: N.TUKARAMJI,UJJAL BHUYAN

reassessment is challenged based on HCJ & NTRJ I.T.T.A.Nos.259 of 2022 & batch 4 the material recovered at the time of search of a group concern? 3. Whether the Tribunal failed to appreciate that the reasoning given in appeal of Indur Developers and Agencies Private Limited (ITA No.672/Hyd/2020 dated 21.3.2022) formed the basis for decision in this appeal and hence

M/s. Dakshin Infrastructures Private Limited vs. Deputy Commissioner of Income Tax

The appeals are allowed

Bench: N.TUKARAMJI,UJJAL BHUYAN

reassessment is challenged based on HCJ & NTRJ I.T.T.A.Nos.259 of 2022 & batch 4 the material recovered at the time of search of a group concern? 3. Whether the Tribunal failed to appreciate that the reasoning given in appeal of Indur Developers and Agencies Private Limited (ITA No.672/Hyd/2020 dated 21.3.2022) formed the basis for decision in this appeal and hence

The Commissioner of Income Tax(Central) vs. M/s.Madhu Enterprises

Bench: The Learned

reassessment proceedings were initiated pursuant to a notice dated 30.03.2017 issued under Section 148 of the Act. The AO had reopened the assessment

THE COMMISSIONER OCF INCOME TAX-I vs. M/S.BHARAT BIOTECH INTERNATIONAL LIMITED

Accordingly, the appeal fails and is dismissed

Bench: :

assessment year 2016-17. The revenue has raised the following substantial questions of law for consideration : “a) Whether in facts and in the circumstances of the case the Ld. Income Tax Appellate Tribunal was not justified in law in quashing the reassessment order without considering the fact that the reopening

The Pr. Commissioner of Income-tax-4 vs. Sri. Krishna Chigullapally

Bench: N.TUKARAMJI,UJJAL BHUYAN

assessments, which were made, could not have been reopened on the basis of a subsequent judgment and same was bad in the eyes of law… 10. In the facts of this case, it cannot be said that there was any fresh material nor any tangible material which would permit the authorities to reassess