{"id":13800,"date":"2020-11-14T14:56:56","date_gmt":"2020-11-14T14:56:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/k-srikanth-v-acit-2020-80-itr-272-206-ttj-273-chennai-trib-3\/"},"modified":"2021-06-26T10:40:44","modified_gmt":"2021-06-26T05:10:44","slug":"k-srikanth-v-acit-2020-80-itr-272-206-ttj-273-chennai-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/k-srikanth-v-acit-2020-80-itr-272-206-ttj-273-chennai-trib-3\/","title":{"rendered":"K. Srikanth v .ACIT (2020) 80 ITR 272 \/  195 DTR 17 \/206 TTJ 273 ( Chennai ) (Trib)"},"content":{"rendered":"<p>The Tribunal held that the primary facts were not completely, correctly and truly disclosed by the assessee in the return and there was clearly an attempt to evade taxes. There was a tangible material before the Assessing Officer to reopen the concluded assessment. Thus, the reassessment was valid. Applied\u00a0 ACIT v . Rajesh Jhaveri Stock Brokers P.Ltd ( 2007) 291 ITR 500 (SC) <strong>\u00a0<\/strong>( AY.2001-02)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment \u2013With in four years-No scrutiny assessment \u2014 Non-compete Fee &#8211; Claiming a huge exemption of  income by making incomplete, untrue and wrong claim \u2014 Primary facts not completely, correctly and truly disclosed in return \u2014 Reassessment is held to be valid [ 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":[21],"tags":[],"class_list":["post-13800","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3AA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13800","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=13800"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13800\/revisions"}],"predecessor-version":[{"id":19641,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13800\/revisions\/19641"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}