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Late Kolisetty Nageswara Rao, Rep.By ... vs Income Tax Officer, Ward-13(2), ... on 20 April, 2018
cites
Section 54EC in The Income Tax Act, 1961 [Entire Act]
Section 148 in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax vs Arvind Remedies Ltd on 8 June, 2015
15. The Hon'ble Madras High Court in the case of
CIT Vs Arvind Remedies Ltd., reported in 2015 378
ITR 547 Madras has also held as under:
The Income Tax Act, 1961
Section 154 in The Code of Criminal Procedure, 1973 [Entire Act]
Section 263 in The Income Tax Act, 1961 [Entire Act]
Siemens Product Lifecycle Management ... vs Acit, New Delhi on 22 January, 2018
In these circumstances, the subsequent order under
S.147 is nothing but seeking review of completed assessment on
some change of opinion on the inference earlier drawn which is
to permissible in law as per the ratio laid down in Kelvinator
India Ltd. (supra) and other long line of judicial precedents.
Hence, in our considered opinion, the Assessing Off icer has
misdirected himself in law in reopening the completed
assessment without any legal f oundation. In this view of the
matter, impugned assessment made under S.143(3) read with
S.147 of the Act is liable to be set aside cancelled. We do so
accordingly."
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