2019 (1) TMI 2053

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....IT D/R. ORDER PER J. SUDHAKAR REDDY :- This appeal filed by the assessee is directed against the order of the ld. Commissioner of Income Tax (Appeals) - 13, Kolkata, (hereinafter the 'ld. CIT (A)'), passed u/s 250 of the Income Tax Act, 1961 (the 'Act'), dt. 26/02/2018, for the Assessment Year 2007-08. 2. The assessee is an individual and filed its return of income on 25/10/2007, for t....

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....he reason of non-disposal of objections for the re-opening of assessment by the Assessing Officer. A similar view was taken by the Hon'ble High Gujarat High Court in the case Arvind Mills Ltd. vs. Assistant Commissioner Of Wealth 2004 270 ITR 469 Guj and in the case of Bayer Material Science Pvt. Ltd. vs. DCIT; W.P. No. 2502 of 2015; judgment dt. 27/01/2016 (Bom. H.C.). 3.1. Consistent wit....

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....eclaring nil income - During assessment proceedings, it submitted various details including bank statements, particulars of cheques received towards share application money and confirmation relating to share application money received during year from 'H' - Assessment was completed under section 143(3) at nil income - Thereafter, on 29-3-2004, Assessing Officer issued notice under section ....