Tag Archive: order quashed

Can show cause notice be called the draft assessment order. as required under sub clause (xvi) of sub Section (1) of Section 144B?

Shreeji Investment & Advisory Services Vs National Faceless Assessment Centre (Bombay High Court) Appeal Number : Writ Petition (L) No. 13235 of 2021 Date of Judgement/Order : 25/10/2021 Related Assessment Year : Courts : Bombay High Court Can show cause…
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144B, 144B(1), 144B(1)( (xvi), Bobmay High Court, In Favour of Assessee

November 1, 2021

Section 147, 148, 143(3). If reopening within a period of four years of assessment u/s 143(3) then there is no bar for reopening of assessment If there is certain non-disclosure. But If reopening beyond four years for assessment already in u/s 143(3) then It must be established that the assessee has not disclosed fully and truly all material evidence with an intention to escape from the payment of tax. motive or intention on the part of the assessee for such non-disclosure is also a material ground. It is a case where the reopening beyond four years of assessment u/s 143(3) and the order of approval, which was validly granted, was produced before the Assessing Officer at the time of scrutiny and the Assessing Officer also accepted the approval order and granted exemption. Thus, the reason stated in the impugned proceedings that the assessee committed a mistake cannot be accepted. M/S.Kone Elevators (India) Pvt. … vs ACIT Madras High Court … on 16 June, 2021

Madras High Court M/S.Kone Elevators (India) Pvt. … vs ACIT… on 16 June, 2021 W.P.No.43662 of 2016 Conclusion Section 147, 148, 143(3). If reopening within a period of four years of assessment u/s 143(3) then there is no bar for…
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143(3), 147, 148, AY 2009-10, madras High Court

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/

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 Notice u/s…
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147, 148, 151, 151(1), Ahmedabad Tribunal, AY 2010-11, In Favour of Assessee, Order Quashed