2018 (9) TMI 1393

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....R/TAX APPEAL No. 1140 of 2018 17- 09- 2018 And R/TAX APPEAL No 1135 of 2018 - -<br>Income Tax<br>MR AKIL KURESHI AND MR B.N. KARIA, JJ. R/TAX APPEAL No. 1136 of 2018 With R/TAX APPEAL No. 1137 of 2018 With R/TAX APPEAL No. 1138 of 2018 With R/TAX APPEAL No. 1139 of 2018 With R/TAX APPEAL No. 1140 of 2018 For The Petitioner : Mrs Mauna M Bhatt, Advocate ORAL ORDER (PER : HONOURABLE Mr. ....

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....ssed the appeals preferred by the Department, in the following manner :- "8. Having heard learned advocates for the parties at considerable length at the outset, we may straightaway agree with the suggestion of the counsel for the Revenue that the present group of cases do not fall in the same category as the judgment of this Court in case of Futura Ceramics (petitioner) Ltd v. State of G....

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....efore, prima facie held a belief that the assessee&#39;s sale of Rs. 5.97 crores (i.e. the suppressed sale of 5.25 crores coupled with excise duty element of 73.55 lacs) had escaped assessment. He accordingly, framed the assessment after rejecting the petitioner&#39;s objections. Such assessment order was challenged by the petitioner before the High Court on the ground that the Assistant Commissio....

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....he order of reassessment. 7. In the present case, the Assessing Officer has not proceeded on the basis of show-cause notice taking the proposals contained in such show-cause notice as having achieved finality. He has put the assessees to notice with respect to the contents of such show-cause notice issued by the Excise department and also elicited assessee&#39;s response to the same. Whet....