{"id":14594,"date":"2020-12-23T11:20:18","date_gmt":"2020-12-23T11:20:18","guid":{"rendered":"https:\/\/itatonline.org\/digest\/motilal-salecha-huf-v-pcit-2020-the-chambers-journal-april-p-127-mum-trib\/"},"modified":"2020-12-23T11:20:18","modified_gmt":"2020-12-23T11:20:18","slug":"motilal-salecha-huf-v-pcit-2020-the-chambers-journal-april-p-127-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/motilal-salecha-huf-v-pcit-2020-the-chambers-journal-april-p-127-mum-trib\/","title":{"rendered":"Motilal Salecha HUF v. PCIT ( 2020) The Chamber\u2019s Journal \u2013 April P. 127 (Mum) (Trib)"},"content":{"rendered":"<p>Tribunal held that \u00a0if the order passed by the Assessing Officer in haste and without proper enquiry can be revised ,however PCIT can not conclude the issue and direct the Assessing Officer to decide it in a particular manner.\u00a0 Accordingly the ITAT modified the order\u00a0 of the PCIT and directed the AO to\u00a0 frame the assessment\u00a0 order as per the provisions of the Act\u00a0 after giving\u00a0 a reasonable opportunity of being herd . Followed\u00a0 CIT v. Shree Manjunathswara Packing ,Products &amp; Camphore Works ( 1998) 231 ITR 53 (SC) , Rampyari Devi Sarogi v .CIT ( 1968) 67 ITR 84 (SC) ( ITA No. 2943 \/Mum\/ 2018 dt 13-1-2020 ) (AY. 2013-14)\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner &#8211; Revision of orders prejudicial to revenue &#8211;   Penny stock- Capital gains- Order passed in haste and without proper enquiry can be revised \u2013 PCIT can not conclude the issue and direct the Assessing Officer to decide it in a particular manner  [ S.45 ]<\/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-14594","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3No","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14594","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=14594"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14594\/revisions"}],"predecessor-version":[{"id":14595,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14594\/revisions\/14595"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}