Search: reassessment

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K. Ranjeet Mohan, vs. Assistant Commissioner of Income-Tax,

ITTA/519/2013HC Telangana31 Oct 2013

reassessment cannot be initiated on the whims and fancies of the taxing authority. Paragraph nos. 7 and 8 of the said judgment is quoted below: "7. therefore, action under section 21 of the Act cannot be taken on the whims of the Assessing Officer by restoring to conjecture of imagination. He has to have before him the facts which

The Commissioner of Income Tax (Central) vs. M/s Hyderabad House Pvt Ltd.,

ITTA/250/2013HC Telangana11 Jul 2013

reassessment of damages. This is what was the theme of discourse in Santosh Devi (supra) and in a later decision in Puttamma (supra). In Puttamma (supra), the Supreme Court called upon the State to explain inaction on its part in the context of authorization given to the Central Government by Section 163-A (3) to make improvements on account