2022 (2) TMI 1098

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....E TAX APPEAL DEFECTIVE No. – 29, 30, 31, 32 of 2021, INCOME TAX APPEAL No. - 12 of 2022, INCOME TAX APPEAL No. - 2 of 2022, INCOME TAX APPEAL No. - 11 of 2022, INCOME TAX APPEAL DEFECTIVE No. - 13 of - -<br>Income Tax<br>Hon&#39;ble Surya Prakash Kesarwani And Hon&#39;ble Jayant Banerji , JJ. For the Appellant : Praveen Kumar For the Respondent : Ashish Bansal, Ashish Bansal ORDER 1.....

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....24.04.2014 and statement of one Sri Subodh Agrawal was recorded on 28.10.2015 who appeared to be the real operator of Success Vyapar Ltd. through his employee Sri Rishi Kant Awashty as a nominal Director. Several companies including one M/s. Nile Industries Ltd. were also found being run from the same premises at Kanpur. On the basis of certain incriminating material found regarding accommodation ....

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....the jurisdiction of High Court in Commissioner of Income Tax VS. Raj Kumar Arora, (2014) 367 ITR 517 (Alld.) and Commissioner of Income Tax Vs. Kesarwani Zarda Bhandar in ITA No. 270 of 2014 decided on 06.09.2016, and the judgments in Assistant Controller of Estate Duty Vs. Devaki Ammal (1995) 2012 ITR 395 SC, Taylor Instrument Co.(India) Ltd. Vs. Commissioner of Income Tax (1998) 99 Taxman 155 (D....

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....ent year in question were already completed and finalises. (iii) The original assessment proceeding of the assessee were completed by the Assessing Authority under Section 143 (3) of the Act. Therefore, on the pretext of proceedings under Section 153 A of the Act 1961 the assessing authority does not get jurisdiction for reappreciation or reappraisal of the assessment. Consequently, the A....