{"id":1117,"date":"2018-05-31T13:19:52","date_gmt":"2018-05-31T13:19:52","guid":{"rendered":"http:\/\/itatonline.org\/digest\/amar-jewellers-ltd-v-dy-cit-2018-254-taxman-384-guj-hc\/"},"modified":"2018-07-28T03:39:36","modified_gmt":"2018-07-28T03:39:36","slug":"amar-jewellers-ltd-v-dy-cit-2018-254-taxman-384-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/amar-jewellers-ltd-v-dy-cit-2018-254-taxman-384-guj-hc\/","title":{"rendered":"Amar Jewellers Ltd. v. Dy. CIT (2018) 405 ITR 561\/ 254 Taxman 384 (Guj.)(HC)"},"content":{"rendered":"<p>Allowing the petition the Court held that ; On verifying the record it was found that , there was no nexus with reasons recorded for initiating reassessment proceedings and the information received by the AO from the investigation wing , accordingly , reassessment was held to be bad in law .<strong>\u00a0<\/strong>(2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment \u2013 Cash credits-Accommodation entries -Bogus companies &#8211; information from investigation wing -No nexus with reasons recorded for initiating reassessment proceedings \u2013 Reassessment was held to be bad in law . [ S.68 , 143(1) ,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":[1],"tags":[],"class_list":["post-1117","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-i1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1117","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=1117"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1117\/revisions"}],"predecessor-version":[{"id":1863,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1117\/revisions\/1863"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}