https://www.taxtmi.com/caselaws?id=270695 The Appellate Tribunal ITAT Kolkata addressed a batch of appeals challenging the correctness of orders passed by CITs under section 263 of the Income-tax Act, 1961. The appeals, based on similar facts, involved companies with low income facing assessment orders with nominal additions after receiving notices under section 148. The Tribunal consolidated the cases and admitted additional grounds on limitation and notice service for disposal on merits. However, these grounds were dismissed based on previous decisions against the assessee. Relying on the Subhlakshmi Vanijya Pvt. Ltd. case, the Tribunal upheld the impugned orders, clarifying jurisdictional aspects under section 263 and discussing the impact of search proceedings on order revisions under section 147. Ultimately, all appeals were dismissed in accordance with the Subhlakshmi Vanijya Pvt. Ltd. case. en-us Tue, 03 Nov 2015 00:00:00 +0530 Wed, 13 Jan 2016 10:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270695 The Appellate Tribunal ITAT Kolkata addressed a batch of appeals challenging the correctness of orders passed by CITs under section 263 of the Income-tax Act, 1961. The appeals, based on similar facts, involved companies with low income facing assessment orders with nominal additions after receiving notices under section 148. The Tribunal consolidated the cases and admitted additional grounds on limitation and notice service for disposal on merits. However, these grounds were dismissed based on previous decisions against the assessee. Relying on the Subhlakshmi Vanijya Pvt. Ltd. case, the Tribunal upheld the impugned orders, clarifying jurisdictional aspects under section 263 and discussing the impact of search proceedings on order revisions under section 147. Ultimately, all appeals were dismissed in accordance with the Subhlakshmi Vanijya Pvt. Ltd. case. Case-Laws Income Tax Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270695