{"id":12678,"date":"2020-10-07T08:08:50","date_gmt":"2020-10-07T08:08:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jivraj-tea-ltd-v-acit-2020-426-itr-146-guj-hc\/"},"modified":"2020-10-07T08:08:50","modified_gmt":"2020-10-07T08:08:50","slug":"jivraj-tea-ltd-v-acit-2020-426-itr-146-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jivraj-tea-ltd-v-acit-2020-426-itr-146-guj-hc\/","title":{"rendered":"Jivraj Tea Ltd v. ACIT (2020) 426 ITR 146 (Guj) (HC)"},"content":{"rendered":"<p>Allowing the petition the Court held that on the facts, the reopening of the assessment was on a change of opinion. There was nothing on record to indicate that there was failure on the part of the assessee to disclose truly and fully all the material facts. There was no tangible material available for the purpose of issuing the notice under section for reopening the assessment beyond the period of four years and was unsustainable.( AY.2011-12)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment-After the   expiry of four years-  No new tangible material -Maintaining separate books of account \u2013 Notice is held to be bad in law [ S.80IA , 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":[21],"tags":[],"class_list":["post-12678","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3iu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12678","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=12678"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12678\/revisions"}],"predecessor-version":[{"id":12679,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12678\/revisions\/12679"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}