{"id":1316,"date":"2018-06-11T06:04:54","date_gmt":"2018-06-11T06:04:54","guid":{"rendered":"http:\/\/itatonline.org\/digest\/aradhna-estate-pvt-ltd-v-dcit-2018-404-itr-105-guj-hc\/"},"modified":"2018-11-04T09:55:00","modified_gmt":"2018-11-04T09:55:00","slug":"aradhna-estate-pvt-ltd-v-dcit-2018-404-itr-105-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/aradhna-estate-pvt-ltd-v-dcit-2018-404-itr-105-guj-hc\/","title":{"rendered":"Aradhna Estate Pvt. Ltd.  v. DCIT  (2018) 404 ITR 105\/ 165 DTR 72\/ 304 CTR 531  (Guj)  (HC)"},"content":{"rendered":"<p>Dismissing the petition the Court held that ; the requirement of full and true disclosure on the part of the assessee was not confined to filing of the return alone but continued throughout during the assessment proceedings also. The Assessing Officer had received fresh information after the assessment was completed, prima facie suggesting that considerable income chargeable to tax had escaped assessment and that such escapement was on account of failure on the part of the assessee to disclose truly and fully all material facts. AO has recorded the reason which showed that the\u00a0report from investigation wing having live link with formation of belief .Court also observed that proviso added by the\u00a0Finance Act, 2012\u00a0with effect from April 1, 2013 did not change the position, accordingly the \u00a0reassessment was held to be valid .(AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment-After the   expiry of four years- Cash credits \u2013 Share application money -Shell companies  Bogus accommodation entries &#8211; Report from investigation wing having live link with formation of belief \u2013 Proviso added by the Finance Act, 2012 with effect from April 1, 2013 did not change the position-  Reassessment was held to be valid . [ S. 68, 143(3),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-1316","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-le","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1316","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=1316"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1316\/revisions"}],"predecessor-version":[{"id":2859,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1316\/revisions\/2859"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}