reassessment notice barred by limitation
Case BriefsTribunals/Commissions/Regulatory Bodies

A notice under Section 148-A(b) of the Income Tax Act, 1961 was issued to the assessee, stating that income had escaped assessment under the provisions of Section 147, regarding sale, purchase of properties and contractual receipts.

Income Tax Appellate Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

The two assessees, despite the fact that they are a Co-operative Thrift and Credit Society, were refused the deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961 by the Commissioner of Income Tax (Appeals).