{"id":12332,"date":"2020-09-21T06:56:47","date_gmt":"2020-09-21T06:56:47","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dy-cit-v-gay-travels-p-ltd-2020-424-itr-376-madhc\/"},"modified":"2020-09-21T06:56:47","modified_gmt":"2020-09-21T06:56:47","slug":"dy-cit-v-gay-travels-p-ltd-2020-424-itr-376-madhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-gay-travels-p-ltd-2020-424-itr-376-madhc\/","title":{"rendered":"Dy.CIT v. Gay Travels P. Ltd. (2020) 424 ITR 376 (Mad)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ,it is incumbent upon the assessing authority to record the reasons on record, while invoking these powers of reassessment and only then issue formal notice under section\u00a0148\u00a0requiring the assessee to file fresh returns in accordance with law. Notice issued without recording the reasons is held to be bad in law . <em>\u00a0(<\/em>AY.1997-98)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.148: Reassessment \u2014 Notice \u2014Reasons not recorded- Notice is held to be not valid [ S.147 ] <\/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-12332","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3cU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12332","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=12332"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12332\/revisions"}],"predecessor-version":[{"id":12333,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12332\/revisions\/12333"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}