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TMI Blog2020 (7) TMI 397X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessment was reopened and the reassessment order was passed wherein addition was made under short-term capital gains and long-term capital gains and as aggrieved over the same, the petitioner filed an appeal before the second respondent - HELD THAT:- This Court is inclined to modify the order passed by the first respondent vide communication dated 06.02.2020 and give appropriate direction to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... P.Nos.7908 & 7909 of 2020 - - - Dated:- 16-3-2020 - Mr. Justice R. Mahadevan For the Petitioner : Mr.Arun Kurian Joseph For the Respondents : Mrs.Hema Muralikrishnan Standing Counsel ORDER According to the petitioner, he is an Income Tax Assessee. He had filed his returns for the assessment year 2012-13 on 28.07.2012 admitting a total income of ₹ 3,56,08,020/-. After scr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... had reason to believe that the petitioner's income for the assessment year 2012-13 had escaped assessment and hence, it was proposed to reassess the income and the petitioner was called upon to file his returns. Accordingly, the petitioner filed his returns on 13.03.2019. Thereafter, the assessment was reopened and the reassessment order was passed on 27.12.2019, wherein addition was made ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r the petitioner restricted the same to the extent of seeking a direction to the second respondent to dispose of the appeal filed by the petitioner as against the reassessment order within a time frame to be stipulated by this Court, for which, the learned standing counsel appearing for the respondents has no serious objection. 3.Considering the facts and circumstances of the case and having re ..... X X X X Extracts X X X X X X X X Extracts X X X X
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