Dismissing the appeal of the revenue the Court held that the reassessment proceedings had been initiated contrary to the second proviso to section\u00a0147(1). What was pending before the Commissioner (Appeals) was the very same subject matter for which notice under section\u00a0148\u00a0was issued. Court also held that the Tribunal was right in confirming the decision of the Commissioner (Appeals) and quashing the order thereby deleting the additions made on account of electricity duty and short provision of interest on Government loan, made under section\u00a043B, relying on the court\u2019s decision in the assessee\u2019s own case for earlier assessment years. Followed\u00a0\u00a0 Kerala State Electricity Board v. Dy CIT (2010) 329 ITR 91 (Ker.)(HC) (AY. 2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 147 : Reassessment-Arithmetical mistake-Issue subject matter of appeal before CIT(A)-Reassessment invalid-Electricity duty short provision of interest on Government loan-Deletion of addition is held to be justified. [S. 43B, 148] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-25207","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6yz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=25207"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25207\/revisions"}],"predecessor-version":[{"id":27230,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25207\/revisions\/27230"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}