VISHAL KANODIA,VARANASI vs. PCIT,, VARANASI

In the result, appeal of the assessee is allowed

capital gain entries and he has given list of companies who were involved. Thirdly, he has commented upon abnormal raise of prices of M/s. Rander Corporation Ltd. 9. In all these cases, nowhere the ld. PCIT has pointed out as to what specific inquiry should have been done by the AO and from whom which he has not done, instead

GOPI KRISHNA VINOD KUMAR HUF,GORAKHPUR vs. PCIT,, GORAKHPUR

In the result, appeal of the assessee is allowed

capital gain entries and he has given list of companies who were involved. Thirdly, he has commented upon abnormal raise of prices of M/s. Rander Corporation Ltd. 9. In all these cases, nowhere the ld. PCIT has pointed out as to what specific inquiry should have been done by the AO and from whom which he has not done, instead

VINOD KUMAR SARAF HUF,GORAKHPUR vs. PCIT,, GORAKHPUR

In the result, appeal of the assessee is allowed

capital gain entries and he has given list of companies who were involved. Thirdly, he has commented upon abnormal raise of prices of M/s. Rander Corporation Ltd. 9. In all these cases, nowhere the ld. PCIT has pointed out as to what specific inquiry should have been done by the AO and from whom which he has not done, instead

MOUSAMI CHOUDHURY,VARANASI vs. DY. CIT, RANGE - 2, VARANASI

In the result , the appeal filed the assessee in ITA No

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

reopening of the assessment was validly done by the AO. Reference is drawn to provisions of Section 147 and 148 of the 1961 Act , which were in force at relevant time reads as under: Income escaping assessment. 147. If the [Assessing] Officer [has reason to believe] that any income chargeable to tax has escaped assessment for any assessment year

MOUSAMI CHOUDHURY,VARANASI vs. DY. CIT, RANGE - 02,, VARANASI

In the result , the appeal filed the assessee in ITA No

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

reopening of the assessment was validly done by the AO. Reference is drawn to provisions of Section 147 and 148 of the 1961 Act , which were in force at relevant time reads as under: Income escaping assessment. 147. If the [Assessing] Officer [has reason to believe] that any income chargeable to tax has escaped assessment for any assessment year