{"id":12042,"date":"2020-09-02T07:28:05","date_gmt":"2020-09-02T07:28:05","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-swaraj-engines-ltd-2020-421-itr-594-107-cch-0443-phhc\/"},"modified":"2021-05-07T13:58:11","modified_gmt":"2021-05-07T08:28:11","slug":"pcit-v-swaraj-engines-ltd-2020-421-itr-594-107-cch-0443-phhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-swaraj-engines-ltd-2020-421-itr-594-107-cch-0443-phhc\/","title":{"rendered":"PCIT v. Swaraj Engines Ltd. (2020) 421 ITR 594 \/107 CCH 0443\/190 DTR 385\/ 315 CTR 331  (P&#038;H)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that \u00a0if the Department had been aggrieved by the order passed under section\u00a0143(3)\u00a0, it could have recourse under section\u00a0263\u00a0but reopening the assessment under section\u00a0147\u00a0could not be allowed. The Department had not been able to deny that in the original order under section\u00a0143(3)\u00a0the issue of deduction did arise and after discussing it a particular finding was given. Mere change of opinion could not be considered within the ambit of the phrase &#8220;reason to believe&#8221;.<\/p>\n<p>An Explanation is always subordinate to the main provision (as the name suggests, only to explain). The powers under section\u00a0147\u00a0of the\u00a0Income-tax Act, 1961\u00a0have been defined without any equivocation. Mere change of opinion could not be considered within the ambit of the phrase &#8220;reason to believe&#8221;.( AY. 1997-98)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment \u2014 With in four years \u2013 Industrial undertaking &#8211; Change of opinion -Issue discussed in original assessment proceedings and disallowed portion of the claim &#8211;  Reassessment is not valid [ S .80IA , 143(3) , 148 , 263 ] <\/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-12042","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-38e","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12042","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=12042"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12042\/revisions"}],"predecessor-version":[{"id":17668,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12042\/revisions\/17668"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}