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3 results for “reassessment u/s 147”+ Section 40A(2)(b)clear

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Key Topics

Section 1479Section 1484Section 143(3)4Section 40A(2)(b)3Section 40A(3)2Bogus Purchases2Reopening of Assessment2Addition to Income2

THE ACIT., VIJAYAWADA vs. M/S. KRNTI ROAD TRANSPORT PVT. LTD., VIJAYAWADA

In the result, the appeal of the revenue is dismissed

ITA 375/VIZ/2016[2009-2010]Status: DisposedITAT Visakhapatnam16 Mar 2018AY 2009-2010

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri P.S. Murthy DRFor Respondent: Shri G.V.V. Satyanarayana
Section 143(3)Section 147Section 40A(2)(b)

u/s 147 of the Act for the reason that the assessee had shown the same vehicles in the chart of leased vehicles and own vehicles and claimed lease rent. The A.O. also observed that the payment is covered by section 40A(2)(b) of the Act. The reassessment

SMT. L SUDHA BALA, L/R OF LATE SRI L.NARSA REDDY,GUNTUR vs. THE DCIT, SPECIAL RANGE GUNTUR, GUNTUR

In the result, the appeals of the assessee are dismissed

ITA 260/VIZ/2012[1984-85]Status: DisposedITAT Visakhapatnam07 Dec 2018AY 1984-85

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.260 & 261/Viz/2012 (धििाारण िर्ा/ Assessment Years :1984-85 & 1985-86 Respectively) L.Sudha Bala Vs. Dy.Commissioner Of L/R Of Late Sri L Narasa Reddy Income Tax Prop.Sri Venkateswara Agro Chemicals Special Range Industries Guntur 2-14-101, Syamala Nagar 2Nd Lane, Guntur [Pan : Acgpl2351P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

For Appellant: Shri C.Subrahmanyam, ARFor Respondent: Smt. Suman Malik, DR
Section 143(3)Section 147Section 148Section 40A(3)

2) The Hon’ble Commissioner of Income Tax ought to have held that the reasons recorded by Assessing Officer are not in conformity with the provisions of section 147 and hence resultant assessment order is null and void. (3) The Hon’ble Commissioner of Income Tax ought to have held that the impugned additions made by the assessing officer were

SMT. L SUDHA BALA, L/R OF LATE SRI L.NARSA REDDY,GUNTUR vs. THE DCIT, SPECIAL RANGE GUNTUR, GUNTUR

In the result, the appeals of the assessee are dismissed

ITA 261/VIZ/2012[1985-86]Status: DisposedITAT Visakhapatnam07 Dec 2018AY 1985-86

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.260 & 261/Viz/2012 (धििाारण िर्ा/ Assessment Years :1984-85 & 1985-86 Respectively) L.Sudha Bala Vs. Dy.Commissioner Of L/R Of Late Sri L Narasa Reddy Income Tax Prop.Sri Venkateswara Agro Chemicals Special Range Industries Guntur 2-14-101, Syamala Nagar 2Nd Lane, Guntur [Pan : Acgpl2351P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

For Appellant: Shri C.Subrahmanyam, ARFor Respondent: Smt. Suman Malik, DR
Section 143(3)Section 147Section 148Section 40A(3)

2) The Hon’ble Commissioner of Income Tax ought to have held that the reasons recorded by Assessing Officer are not in conformity with the provisions of section 147 and hence resultant assessment order is null and void. (3) The Hon’ble Commissioner of Income Tax ought to have held that the impugned additions made by the assessing officer were