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1 - 6 of 6 (1.12 seconds)Section 147 in The Income Tax Act, 1961 [Entire Act]
Arvind Mills Ltd. vs Assistant Commissioner Of Wealth Tax on 19 August, 2004
3. After hearing rival contentions, I am of the opinion that the assessment has
to be quashed for the reason of non-disposal of objections for the re-opening of
assessment by the Assessing Officer. A similar view was taken by the Hon'ble High
Gujarat High Court in the case Arvind Mills Ltd. vs. Assistant Commissioner Of
Wealth2004 270 ITR 469 Guj and in the case of Bayer Material Science Pvt. Ltd. vs.
DCIT; W.P. No. 2502 of 2015; judgment dt. 27/01/2016 (Bom. H.C.).
Bayer Pharmaceuticals Pvt. Ltd., Thane vs Dcit Range 4(1), Mumbai on 6 April, 2018
3. After hearing rival contentions, I am of the opinion that the assessment has
to be quashed for the reason of non-disposal of objections for the re-opening of
assessment by the Assessing Officer. A similar view was taken by the Hon'ble High
Gujarat High Court in the case Arvind Mills Ltd. vs. Assistant Commissioner Of
Wealth2004 270 ITR 469 Guj and in the case of Bayer Material Science Pvt. Ltd. vs.
DCIT; W.P. No. 2502 of 2015; judgment dt. 27/01/2016 (Bom. H.C.).
M/S Haryana Acrylic Manufacturing ... vs The Commissioner Of Income-Tax Iv & ... on 3 November, 2008
4. Even otherwise, I find that there is no whisper in the reasons recorded that
the assessee has failed to truly and fully disclose all material facts required for the
purpose of assessment though, the original assessment was done u/s 143(3) of the
Act, and the re-opening is beyond the period of four years. For this proposition, we
rely on the judgment of the Hon'ble Delhi High Court in the case of Haryana Acrylic
Manufacturing Co. v. Commissioner of Income-tax; [2009] 308 ITR 38 (Delhi),
wherein it was held as follows:-
Section 250 in The Income Tax Act, 1961 [Entire Act]
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