{"id":14729,"date":"2020-12-31T11:37:35","date_gmt":"2020-12-31T11:37:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-shree-laxmi-jewellery-pvt-ltd-2020-428-itr-379-madhc\/"},"modified":"2020-12-31T11:37:35","modified_gmt":"2020-12-31T11:37:35","slug":"pcit-v-shree-laxmi-jewellery-pvt-ltd-2020-428-itr-379-madhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-shree-laxmi-jewellery-pvt-ltd-2020-428-itr-379-madhc\/","title":{"rendered":"PCIT v. Shree Laxmi Jewellery Pvt. Ltd. (2020) 428 ITR 379 (Mad)(HC)"},"content":{"rendered":"<p>Dismissing the appeals of the revenue the Court held that the \u00a0reopening, based upon a change of opinion or a review of the decision taken by the Assessing Officer was impermissible. The Tribunal was right in setting aside the order of reassessment.( AY.2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment \u2013With in four years- Change of opinion -Speculative transaction \u2014 Business of manufacturing and trading of bullion and jewellery- Review of decision is impermissible \u2013 Business loss- Held to be not valid  [ S.43(5), 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-14729","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Pz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14729","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=14729"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14729\/revisions"}],"predecessor-version":[{"id":14730,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14729\/revisions\/14730"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}