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1 - 9 of 9 (1.71 seconds)Section 147 in The Income Tax Act, 1961 [Entire Act]
Section 143 in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income-Tax, Delhi-Ii vs Kelvinator Of India Ltd. (Now Known As ... on 19 April, 2002
The reasons recorded by the Assessing Officer reached the belief that there was escapement of income on going through the return of income filed by the assessee after he accepted the return under section 143(1) without scrutiny, and nothing more. This is nothing but a review of the earlier proceedings and an abuse of power by the Assessing Officer, both strongly deprecated by the Supreme Court in CIT v. Kelvinator (supra).
Commissioner Of Income-Tax, West ... vs Orient Paper Mills Ltd. on 20 January, 1989
17. A decision of the Delhi High Court in the case of CIT Vs Orient Craft Limited (354 ITR 536) had occasion to consider a similar question and the Division Bench, at Page 546, holds as follows;
Section 37 in The Income Tax Act, 1961 [Entire Act]
Assistant Commissioner Of Income Tax vs Rajesh Jhaveri Stock Brokers Pvt. Ltd on 23 May, 2007
14. The Division Bench notes that the Supreme Court in the case of Asst. CIT V. Rajesh Jhaveri stock Brokers P. Ltd, (supra) only deals with the formation of an opinion at the time of issuance of prima facie intimation and does not indicate anywhere that a re-assessment can be initiated in the absence of a reason to believe.
Section 260A in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
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