{"id":14566,"date":"2020-12-23T10:15:50","date_gmt":"2020-12-23T10:15:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/t-krishnamurthy-v-ito-2020-116-taxmann-com-476-mad-hc\/"},"modified":"2021-04-26T16:58:02","modified_gmt":"2021-04-26T11:28:02","slug":"t-krishnamurthy-v-ito-2020-116-taxmann-com-476-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/t-krishnamurthy-v-ito-2020-116-taxmann-com-476-mad-hc\/","title":{"rendered":"T. Krishnamurthy v .ITO ( 2020) 116 taxmann.com 476\/ 195 DTR 33\/ 317 CTR 341 \/ 272 Taxman 80 ( Mad) (HC)"},"content":{"rendered":"<p>Dismissing the petition the Court held that , investment in shares and immoveable property were not originally disclosed by the assessee at the time of the original returns . The reassessment made on 31-12 -2001\u00a0 were seta side on technical ground of failure to comply the mandatory requirement of section 143(2) of the Act . The assessment was not on merits . The Court also observed that last date for invoking section 148 for the AY. 2008 -09 expired only on 31-03 2015 and for the AY. 2009 -10 on 31-3 -2016\u00a0 and since the notice u\/s 148 were dated 17 -3 -2015 , they were well within time . The Court held that if there has been a finding given on merits stating that there was no case for escapement assessment\u00a0 then 2<sup>nd<\/sup> notice would have been barred . Accordingly the Court held that reopening notices\u00a0 were not only in time but also in accordance with law.\u00a0 (WP No. 29005 &amp; 29006 of 2015 dt 18 -12 -2019)( AY. 2008 -09, 2009 -10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment \u2013 After the   expiry of four years-  Earlier proceedings quashed on technical ground- Fresh notice for reopening and rectifying the error is valid [ S.148, Art, 226 ]<\/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-14566","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3MW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14566","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=14566"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14566\/revisions"}],"predecessor-version":[{"id":17321,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14566\/revisions\/17321"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}