{"id":1425,"date":"2018-06-23T02:12:24","date_gmt":"2018-06-23T02:12:24","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-light-carts-p-ltd-2018-404-itr-574-all-hc\/"},"modified":"2018-06-23T02:12:24","modified_gmt":"2018-06-23T02:12:24","slug":"pcit-v-light-carts-p-ltd-2018-404-itr-574-all-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-light-carts-p-ltd-2018-404-itr-574-all-hc\/","title":{"rendered":"PCIT v. Light Carts P. Ltd ( 2018) 404 ITR 574 ( All) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ; there was no averment of failure\u00a0 on part of assessee to disclose fully and truly all material facts necessary for assessment . Merely on the basis of information from investigation wing ,reassessment was held to be not valid\u00a0 (ITA No. 117 of 2016 dt. 23 -8-2017 )(AY.2005 -06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment-After the   expiry of four years- Information from investigation wing -No averment of failure  on part of the assessee to disclose fully and truly all material facts necessary for assessment \u2013 Reassessment is  held to be not valid [ S.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-1425","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-mZ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1425","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=1425"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1425\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}