Section 142(3) of the Income Tax Act

The decision most relied on for Section 142(3) is 35 ITR 1 (SC), CIT v. A. Raman and Co. (82 ITR 831), cited in 44 of the 44 judgments on BharatTax that turn on this section.

Leading authorities on Section 142(3)

35 ITR 1 (SC), CIT v. A. Raman and Co.
82 ITR 831 · 1971 · Supreme Court
44
citing judgments

Reassessment under Section 147 is not permissible solely on a mere change of opinion or a reconsideration of the same material. The Assessing Officer loses jurisdiction to proceed with reassessment if the initial grounds for believing income has escaped assessment are subsequently found to be incorrect or non-existent.

M/s Bisakha Sales Pvt. Ltd. v. CIT
52 Taxmann.com 305 · 2014 · ITAT
17
citing judgments
Principal Commissioner of Income Tax (Central) v. Oriental Power Cables Ltd.
143 Taxmann.com 371 · 2022 · Supreme Court
15
citing judgments
&trading Co. (2014)220Taxman122(Kolkata) Peerless General Finance And Investment Co.Ltd. v. Deputy
273 ITR 16 · 2005 · High Court
8
citing judgments
Napar Drugs (P) Ltd. v. DCIT
98 ITD 285 · ITAT
5
citing judgments

Judgments on Section 142(3)

KUNTAL PRATIK SHAH,MUMBAI vs. I.T.O WARD 19(2)(2), MUMBAI

In the result, the appeal by the assessee is allowed for statistical purposes

ITA 9472/MUM/2025[2011-2012]Status: DisposedITAT Mumbai27 Mar 2026AY 2011-2012

Bench: Shri Om Prakash Kantshri Sandeep Singh Karhail

For Appellant: Shri Bharat KumarFor Respondent: Shri Ritesh Misra, CIT-DR
Section 142(3)Section 144Section 147Section 250Section 250(6)

BADAMI DEVI ,BARMER vs. ITO, WARD-1, BARMER

In the result, the appeal of the assessee is allowed

ITA 678/JODH/2024[2017-18]Status: DisposedITAT Jodhpur26 Feb 2026AY 2017-18

Bench: Dr. Mitha Lal Meena, Hon’Ble & Shri Sudhir Pareek, Hon’Blebadami Devi Income Tax Officer, M/S Sbl & Co Llp Ward No. -1 Barmer. (Chartered Accountant) E-75, Kalpatru Shopping Center, Opp. Bioscope Cinemas, Shastri Nagar, Jodhpur, Rajasthan–342003. Pan No. Aaopd1969R Assessee By Shri Gautam Chand Baid, Ca (Physical) Revenue By Shri Lalit Kumar Bishnoi, Addl. Cit-Dr Virtual Date Of Hearing 28.01.2026. Date Of Pronouncement 26.02.2026. Order Dr. Mitha Lal Meena, A.M.: This Appeal Filed By The Assessee Is Directed Against The Order Of The Commissioner Of Income Tax (Appeals), Addl/Jcit (A) Panaji, [Hereinafter Referred To As The Jcit (A)] Dated 28.06.2024 With Respect To Assessment Year 2017-18. 2 2. The Appellant Assessee Has Taken Following Grounds Of Appeal:-

Section 68

L.R. AGRO PRODUCT PVT. LTD.,,SILIGURI vs. ITO, WARD 1(1),, SILIGURI

In the result, the appeal of the assessee is allowed

ITA 2679/KOL/2025[2018-2019]Status: DisposedITAT Kolkata17 Feb 2026AY 2018-2019

Bench: SHRI RAJESH KUMAR, ACCOUNTANT MEMBER SHRI PRADIP KUMAR CHOUBEY (Judicial Member)

Section 142(1)Section 142(3)Section 143(2)Section 143(3)Section 144BSection 144B(1)(xiv)Section 250Section 68

INCOME TAX OFFICER, WARD-8(1), HYDERABAD vs. DAGUMATI SWATHI, HYDERABAD

In the result, the appeal filed by the revenue being devoid and bereft of any substance is dismissed in terms of our aforesaid observations

ITA 1638/HYD/2025[2013-14]Status: DisposedITAT Hyderabad30 Jan 2026AY 2013-14

Bench: SHRI RAVISH SOOD, HON'BLE (Judicial Member), SHRI MADHUSUDAN SAWDIA HON'BLE (Accountant Member)

Section 13Section 142(1)Section 144Section 147Section 148Section 148ASection 149(1)(b)Section 151A

DCIT, CENTRAL CIRCLE-4(3), KOLKATA, KOLKATA vs. GOLDEN GOENKA CREDIT PRIVATE LIMITED , KOLKATA

In the result, the appeal of the revenue is dismissed

ITA 1799/KOL/2025[2022-23]Status: DisposedITAT Kolkata28 Jan 2026AY 2022-23

Bench: Shri Rajesh Kumar (Accountant Member), Shri Pradip Kumar Choubey (Judicial Member)

Section 127Section 132(1)Section 139Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 250Section 36(1)(iii)Section 68

SANOWAR ALI KHAN ,KOLKATA vs. ITO, WARD 25(1),, KOLKATA

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

ITA 1503/KOL/2025[2022-2023]Status: DisposedITAT Kolkata28 Jan 2026AY 2022-2023

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

Section 142(1)Section 143(2)Section 250Section 271ASection 282

DEPUTY COMMISSIONER OF INCOME TAX, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

ITA 1561/KOL/2025[2020-21]Status: DisposedITAT Kolkata02 Jan 2026AY 2020-21
Section 132Section 132(1)Section 147Section 148

DEPUTY COMMISSIONER OF INCOME TAX, KOLKATA vs. SHAKAMBHARI ISPAT & POWER LIMITED, KOLKATA

ITA 1515/KOL/2025[2017-18]Status: DisposedITAT Kolkata02 Jan 2026AY 2017-18
For Appellant: Shri S. Jhajharia, FCAFor Respondent: Shri Sanat Kumar Raha, CIT-DR
Section 132Section 132(1)Section 147Section 148

M/S. SHAKAMBHARI ISPAT & POWER LTD., ,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA

ITA 1198/KOL/2025[2021-2022]Status: DisposedITAT Kolkata02 Jan 2026AY 2021-2022
For Appellant: Shri S. Jhajharia, FCAFor Respondent: Shri Sanat Kumar Raha, CIT-DR
Section 132Section 132(1)Section 147Section 148

M/S. SHAKAMBHARI ISPAT & POWER LTD., ,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3), , KOLKATA

ITA 1197/KOL/2025[2020-2021]Status: DisposedITAT Kolkata02 Jan 2026AY 2020-2021
Section 132Section 132(1)Section 147Section 148

RAMESHWAR FINVEST PRIVATE LIMITED,KOLKATA vs. DCIT, CENTRAL CIRCLE 3(3),, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 2107/KOL/2025[2008-2009]Status: DisposedITAT Kolkata23 Dec 2025AY 2008-2009

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Dcit, Central Circle 3(3) Rameshwar Finvest Private Aaykar Bhawan Poorva, Limited Santil Palli, 110, Eastern 111, Park Street, Kolkata- Metropolitan Bypass, Opposite Vs. 700016, West Bengal Ruby, Kasba, Kolkata-700107, West Bengal (Appellant) (Respondent) Pan No. Aabcr1053N Assessee By : Shri S.K. Tulsiyan & Ms. Puja Somani, Ars Revenue By : Shri Sanat Kumar Raha, Dr Date Of Hearing: 17.11.2025 Date Of Pronouncement: 23.12.2025

For Appellant: Shri S.K. Tulsiyan &For Respondent: Shri Sanat Kumar Raha, DR
Section 131Section 131(1)Section 142(1)Section 143(2)Section 143(3)Section 147Section 263Section 68

SHAILESH KUMAR,MEERUT vs. ACIT, CENTRAL CIRCLE, MEERUT

In the result, the appeal filed by the assessee is allowed

ITA 2108/DEL/2025[2012-13]Status: DisposedITAT Delhi17 Dec 2025AY 2012-13

Bench: Shri Yogesh Kumar U.S. & Shri Manish Agarwalshailesh Kumar, Asst. Cit (Central) C/O Malik & Co. Meerut. (Advisors & Advocate- Vs. Since 1927), 305/7, Thapar Nagar, Meerut-250001, Uttar Pradesh. Pan-Argpk0548N (Appellant) (Respondent) Appellant By Shri Sankalp Malik, Adv., Shri Sanjay Malik, Adv.,Shri Murtaza Shuberi, Adv. & Shri Praveen Bansal, Ca Respondent By Ms. Pooja Swaroop, Cit-Dr Date Of Hearing 18.11.2025 Date Of Pronouncement 17.12.2025 Order Per Yogesh Kumar U.S., Jm: This Appeal Is Filed By The Assessee Against The Order Of Learned Commissioner Of Income Tax (Appeals)-3, Noida [“Ld. Cit(A)”, For Short], Dated 21.08.2024 For Assessment Year 2012-13. Shailesh Kumar Vs. Acit 2. Brief Facts Of The Case Are That A Search & Seizure Operation Was Carried Out On 24.05.2017 In The Residential Premises Of The Assessee & It Was Covered In The Search In The Case Of H.S. Tewari Group Of Cases. An Assessment Order Came To Be Passed U/S 142(3)/153A Of The Income Tax Act, 1961 (‘The Act’ For Short) By Making Addition Of Rs.12,01,153/- As The Assessee Failed To Prove The Source Of The Investment In Construction.

Section 132Section 142(3)Section 153Section 153A

GUPTA SUBHASH & SONS HUF,DELHI vs. ITO, WARD 34(3), DELHI, CIVIC CENTRE

In the result, the appeal filed by the assessee is allowed

ITA 610/DEL/2025[2017-18]Status: DisposedITAT Delhi12 Nov 2025AY 2017-18

Bench: SHRIS.RIFAUR RAHMAN (Accountant Member), SHRI VIMAL KUMAR (Judicial Member)

For Appellant: Shri Lakshya Budhiraja, CAFor Respondent: Shri Rajesh Kumar Dhanesta, Sr. DR

ASST. COMMISSIONER OF INCOME TAX - 7(1)(1), MUMBAI, MUMBAI, MAHARASHTRA vs. MASTER CHAIN PVT. LTD., MUMBAI, MAHARASHTRA

In the result, the appeal filed by the revenue stands dismissed

ITA 5397/MUM/2024[2022-23]Status: DisposedITAT Mumbai13 Oct 2025AY 2022-23

Bench: Shri Narendra Kumar Billaiya & Shri Anikesh Banerjee

For Appellant: Shri Salil Kapoor a/w Ms. SoumyaFor Respondent: Ms. Kavitha Kaushik (SR DR)
Section 139(1)Section 143(3)Section 250

AVON CONTAINNERS PVT. LTD.,FARIDABAD vs. ACIT, CIRCLE-1, FARIDABAD

In the result, the appeal of the assessee is allowed as above

ITA 5161/DEL/2024[2012-13]Status: DisposedITAT Delhi23 Sept 2025AY 2012-13

Bench: Shri Vikas Awasthy & Shri Avdhesh Kumar Mishra

Section 143(3)Section 147Section 148Section 151

MANOHAR MANAK ALLOYS PRIVATE LIMITED,GRANT ROAD EAST, MUMBAI vs. CENTRAL CIRCLE 3(2), MUMBAI, NARIMAN POINT, MUMBAI

ITA 57/MUM/2025[2015-16]Status: DisposedITAT Mumbai11 Sept 2025AY 2015-16

Bench: Smt. Beena Pillai, Jm & Shri Arun Khodpia, Am

For Appellant: Shri Rajkumar Singh (VirtuallyFor Respondent: Shri Annavarn Kasuri, SR. AR
Section 131Section 143(2)Section 143(3)Section 147Section 148Section 250

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-15, DELHI vs. SANJEEV AGRAWAL HUF, DELHI

In the result, both the appeals of the revenue are dismissed

ITA 2035/DEL/2024[2017-18]Status: DisposedITAT Delhi29 Aug 2025AY 2017-18

Bench: Shri C. N. Prasad & Shri M. Balaganesh

For Appellant: Shri Gautam Jain, AdvFor Respondent: Shri Manish Gupta, Sr. DR
Section 10(38)Section 147Section 69C

VIJAY KUMAR AGARWAL (HUF),KOLKATA vs. I.T.O.,WARD 28(4), KOLKATA

In the result, all the seven appeals of the assessee are allowed for statistical purposes

ITA 44/KOL/2025[2015-16]Status: DisposedITAT Kolkata25 Aug 2025AY 2015-16

Bench: Shri Rajesh Kumar&Shri Pradip Kumar Choubey]

Section 115BSection 142Section 142(1)Section 142(3)Section 143(2)Section 143(3)Section 68

K B ASSOCIATES,GUWAHATI vs. DCIT, CIRCLE-3, GUWAHATI, GUWAHATI

ITA 46/GTY/2025[2017-18]Status: DisposedITAT Guwahati06 Aug 2025AY 2017-18

Bench: Ld AO. Full compliance was not even after penalty u/s 274 r.w.s 272A(1)(d) was imposed for incomplete compliance. Further, in the appeal proceeding also, the appellant has filed written submission only with respect to ground of appeal no 6. No details have been furnished except form no 26. Under the circumstances, the contention of the appellant all the compliances were made is totally incorrect. Under the circumstances, I find that Ld AO has correctly rejected the books of the appellant an

Section 143(3)Section 145Section 145(3)Section 250Section 274

HARSH COMTRADE PVT LTD,SURAT vs. INCOME TAX OFFICER, WARD 5(4), KOLKATA

In the result, appeal of the assessee is partly allowed for statistical purposes

ITA 225/KOL/2024[2012-13]Status: DisposedITAT Kolkata01 Jul 2025AY 2012-13

Bench: Shri George Mathanआयकर अपील सं/Ita No.225/Kol/2024 (नििाारण वर्ा / Assessment Year :2012-2013) Harsh Comtrade Private Limited, Vs Ito, Ward-5(4), Kolkata 1/A, Stuti Apartment, Near Ashok Panhouse, City Light, Surat, Gujarat Pan No. :Aabcg 8847 C (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) : Shri Mehul Shah, Ar नििााररती की ओर से /Assessee By राजस्व की ओर से /Revenue By : Shri S.B. Chakraborthy, Addl. Cit-Sr.Dr सुनवाई की तारीख / Date Of Hearing : 01/07/2025 घोषणा की तारीख/Date Of Pronouncement : 01/07/2025 आदेश / O R D E R This Is An Appeal Filed By The Assessee Against The Order Of The Ld Cit(A), National Faceless Appeal Centre (Nfac), Delhi, Dated 28.12.2023, Passed In Din & Order No.Itba/Nfac/S/250/2023-24/1059161646(1) For The Assessment Year 2012-2013. 2. Shri Mehul Shah, Ld. Ar Appeared On Behalf Of The Assessee & Shri S.B.Chakraborthy, Ld.Sr. Dr Appeared On Behalf Of The Revenue. 3. At The Time Of Hearing, Ld. Ar Submitted That He Has Filed Written Submissions Before The Tribunal Which Has Been Placed In The Paper Book At Pages 90 To 104 Which Reads As Follows :- Before Income Tax Appellate Tribunal, Kolkata - 'Smc' Bench In The Case Of Harsh Comtrade Pvt. Ltd Sub: Written Submission For A.Y. 2012-13 Ref: Assessee'S Appeal No. 225/Kol/2024 Date Of Hearing: 21.08.2024 May It Please To Your Honour 1. In This Case, The Case Is Re-Opened On The Basis Of Reasons For Reopening Recorded On 23.03.2018. The Same Is Reproduced

For Respondent: Shri S.B. Chakraborthy, Addl. CIT-Sr.DR
Section 148

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