JAY MA DURGA BUILDTECH P. LTD,MUMBAI vs. DCIT CEN CIR 7(3), MUMBAI
In the result, the appeal of assessee is allowed
ITA 2720/MUM/2017[2008-09]Status: DisposedITAT Mumbai17 Apr 2018AY 2008-09
Bench: Sri Mahavir Singh, Jm & Sri N.K. Pradhan, Am Jay Maa Durga Buildtech The Deputy Commissioner Private Limited (Merged With Of Income Tax, Cc-7(3), Lodha Construction Private Room No. 655, Aayakar Limited) Bhavan, M.K. Road, Vs. 412, Floor-4, 17G Vardhaman Mumbai-400 020 Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai-400 001 Appellant .. Respondent Pan No. Aabcj7826P
For Appellant: Arvind Sandhe, ARFor Respondent: Bhupendra
Section 132Section 143(3)Section 147Section 148Section 153ASection 153CSection 92ASection 92E
153C of the Act based on material found during the course of search at a third party’s premises.
12. However, the assessee has challenged the reopening that reason to believe that income has escaped assessment within the meaning of 147 of the Act for the relevant AY 2008-09 to the extend of transaction mentioned above exists
