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Section 147 Reassessment Quashed as Escaped Income Below Section 149 Threshold: ITAT Rajkot
Case Law Details
- Case Name
- Soham Techno Cast Vs ITO (ITAT Rajkot)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Rajkot
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Soham Techno Cast Vs ITO (ITAT Rajkot)
The appeal before the ITAT Rajkot arose from the order of the Commissioner of Income Tax (Appeals) dated 27.09.2025, which had affirmed the assessment order passed by the Assessing Officer under Section 147 read with Section 144 of the Income-tax Act for Assessment Year 2016-17. The assessee challenged the reopening of the assessment, the validity of approvals and notices issued under Sections 148 and 148A, the addition of Rs. 34,30,995 under Section 69A, the application of Section 115BBE, initiation of penalty proceedings under Section 271AAC(1), and lev...



