Monthly Archive: June 2021

Consequences when AO reopen the case only on the basis of valuation report or when no addition is made on account of reason recorded? ITAT CHANDIGARH passed the order in the case of FATEH HOMES PVT. LTD. vs. ITO ON 16.6.2021. IN FAVOUR OF ASSESSEE. IT-CASES-246-2021.

360 total views

360 total views Consequences when AO reopen the case only on the basis of valuation report or when no addition is made on account of reason recorded? ITAT CHANDIGARH passed the order in the case of FATEH HOMES PVT. LTD. vs….
Read more

147, 148, 151, 151(1), AY 2009-10, AY 2010-11, AY 2011-12, borrowed satisfaction, Chandigarh ITAT, Concealment of income, In Favour of Assessee, Reason recorded, Reassessment

Section 147,148, 151 Consequences when the A.O. mentioned wrong Section, wrong facts in the reasons for reopening of the assessment and acted in a mechanical manner without application of mind. ITAT Delhi in the case of Maheshwari Roller Flour Mills Pvt … vs Ito on 17 December, 2020 AY 2009-10. In favour of assessee. ITA.No.4257/Del./2019.

330 total views

330 total views Section 147,148, 151 Consequences when the A.O. mentioned wrong Section, wrong facts in the reasons for reopening of the assessment and acted in a mechanical manner without application of mind. ITAT Delhi in the case of Maheshwari Roller…
Read more

147, 148, 151, 151(1), AY 2009-10, Concealment of income, Disposal of objection, In Favour of Assessee, Reassessment, Speaking order

Section 147,148, 151. Consequences when the Ld. AO failed to provide the complete Annexures which are the basis for reopening ? The ITAT Delhi passed the order on 15 January, 2020 in the case of Behat Holdings Ltd., New Delhi vs Ito Ward-4(3), New Delhi Order in the favour of the assessee. ITA.No.8066/Del./2019.

1,108 total views

1,108 total views Section 147,148, 151. Consequences when the Ld. AO failed to provide the complete Annexures which are the basis for reopening ? The ITAT Delhi passed the order on 15 January, 2020 in the case of Behat Holdings Ltd.,…
Read more

147, 148, 151, 151(1), AY 2010-11, borrowed satisfaction, Concealment of income, Decisions, Delhi, Delhi Tribunal, In Favour of Assessee, ITAT Delhi, Order Quashed

What are the consequences if Notice u/s 148 is issued before approval under section 151(1)? ITAT Ahmedabad passed the order on 4 June, 2021. in the case of OMPRAKASH KANAYALAL SHAH vs. ITO Section 147,148,151(1). https://www.bpmundraca.com/it-cases-243-2021/

349 total views

349 total views OMPRAKASH KANAYALAL SHAH vs. INCOME TAX OFFICER IN THE ITAT AHMEDABAD BENCH ‘SMC’ RAJPAL YADAV, VP. ITA No. 1813/Ahd/2018 Jun 4, 2021 Section 147, 148, 151(1) AY 2010-11 Decision in favour of: Assessee What are the consequences if…
Read more

147, 148, 151, 151(1), Ahmedabad Tribunal, AY 2010-11, In Favour of Assessee, Order Quashed

Section 69: NO ADDITION CAN BE MADE ONLY ON THE BASIS OF INFORMATION RECEIVED When affidavit is filed and statement on oath is submitted by the assessee unless proved otherwise. ITAT- Mumbai. Shri Mohan Thakur, Mumbai vs A.C.I.T. Cent. Cir. 8(4), Mumbai on 24 May, 2021. https://www.bpmundraca.com/it-cases-242-2021/

557 total views

557 total views Income Tax Appellate Tribunal – Mumbai Shri Mohan Thakur, Mumbai vs A.C.I.T. Cent. Cir. 8(4), Mumbai on 24 May, 2021 THE INCOME TAX APPELLATE TRIBUNAL “D” Bench, Mumbai Shri Shamim Yahya (AM) & Shri Amarjit Singh (JM) I.T.A….
Read more

69, AY 2009-10, AY 2010-11, AY 2011-12, AY 2012-13, AY 2013-14, borrowed satisfaction, In favour of Assessee (Partly), ITAT Mumbai