Issue examined under original assessment proceeding: Whether re-opening in such case is justified.

Case: Chordia Buildcon Pvt Ltd vs. DCIT, Circl-6, Jaipur ITAT Outcome: Assessee Facts The Assessee was engaged in the business of real estate and filed its return of income on 28.09.2011 declaring loss of Rs. 27.04 lakhs and the assessment was completed under section 143(3) on 14.03.2014 at NIL income. Subsequently, notice under section 148 … Continue reading Issue examined under original assessment proceeding: Whether re-opening in such case is justified.

Issue examined under original assessment proceeding: Whether re-opening in such case is justified – 2

Case: Jayesh T Kotak Vs Deputy Commissioner Of Income Tax, Gujarat HC Outcome: Assessee Facts The Assessee had filed a return showing total income at Rs. 1.48 crores. A notice under section 143(2) was issued to the Assessee. After calling for extensive details by various notices and the Assessee replying to those notices, the Assessing … Continue reading Issue examined under original assessment proceeding: Whether re-opening in such case is justified – 2

Disallowances regarding issues not covered in limited scrutiny: Jurisdiction of an assessing officer

Case: SHRI SITA RAM SWAMI vs ITO, WARD-4(5) Outcome: Assessee Facts The Assessee was an individual engaged in the business of wholesale trading and repairs of electronic items. He filed his return of income declaring total income of Rs. 2.05 lakhs which was selected for limited scrutiny under CASS to examine capital gain on sale … Continue reading Disallowances regarding issues not covered in limited scrutiny: Jurisdiction of an assessing officer