{"id":1150,"date":"2018-06-02T00:52:16","date_gmt":"2018-06-02T00:52:16","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-manzil-dineshkumar-shah-guj-hc-www-itatonline-org\/"},"modified":"2019-02-23T09:06:06","modified_gmt":"2019-02-23T09:06:06","slug":"pcit-v-manzil-dineshkumar-shah-guj-hc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-manzil-dineshkumar-shah-guj-hc-www-itatonline-org\/","title":{"rendered":"PCIT v. Manzil Dineshkumar Shah ( 2018) 406 ITR 326\/ 304 CTR 326\/ 169 DTR 229 \/\/95 taxmnn.com 46  (Guj) HC) , www.itatonline.orgEditorial: SLP of revenue is dismissed PCIT v. Manzil Dineshkumar Shah ( 2019) 261 Taxman 1 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ;<b><\/b><strong>even the assessment\u00a0 which\u00a0 is completed u\/s\u00a0 143(1)\u00a0cannot be reopened without proper &#8216;reason to believe&#8217;. If the reasons state that the information received from the VAT Dept that the assessee entered into bogus purchases &#8220;needed deep verification&#8221;, it means the AO is reopening for doing a &#8216;fishing or roving inquiry&#8217; without proper reason to believe, which is not permissible. Court also observed that , <\/strong><b>\u00a0<\/b>before closing, we can only lament at the possible revenue loss. The law and the principles noted above are far too well settled to have escaped the notice of the Assessing Officer despite which if the reasons recorded fail the test of validity on account of a sentence contained, it would be for the Revenue to examine reasons behind it.( Tax A No. 541 of 2018, dt. 7-5.2018) ( AY. 2009-10 )\u00a0<b><\/b><\/p>\n<p><strong><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Manzil-147-Bogus-Purchases.pdf\">[Click here to down load PDF\u00a0 file ]<\/a> <\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147:Reassessment -Bogus purchases  \u2013 Even the assessment  which  is completed u\/s  143(1)  cannot be reopened without proper &#8216;reason to believe&#8217;. If the reasons state that the information received from the VAT Dept that the assessee entered into bogus purchases &#8220;needed deep verification&#8221;, it means the AO is reopening for doing a &#8216;fishing or roving inquiry&#8217; without proper reason to believe, which is not permissible.[ S.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-1150","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-iy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1150","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=1150"}],"version-history":[{"count":6,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1150\/revisions"}],"predecessor-version":[{"id":4055,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1150\/revisions\/4055"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}