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Section 147 Reassessment Annulled as Examined Cash Deposits Involved Change of Opinion: ITAT Lucknow
Case Law Details
- Case Name
- Maharana Pratap Polytechnic Society Vs DCIT (Exemption) (ITAT Lucknow)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Lucknow
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Maharana Pratap Polytechnic Society Vs DCIT (Exemption) (ITAT Lucknow)
The assessee appealed against the order of the CIT(A)/NFAC for AY 2016-17 confirming the validity of reassessment under Section 148, refusing to condone delay before the CIT(A), and sustaining an addition of ₹2,82,95,535 under Section 69A. The Tribunal condoned the delay in filing the appeal before it under Section 253(5) and admitted the appeal.
The original assessment under Section 143(3) dated 27.11.2018 accepted the returned income without any addition. Subsequently, reassessment under Sections 147 re...
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