{"id":1722,"date":"2018-07-09T06:01:05","date_gmt":"2018-07-09T06:01:05","guid":{"rendered":"http:\/\/itatonline.org\/digest\/vipul-motors-p-ltd-v-acit-2018-65-itr-12-sn-delhi-trib\/"},"modified":"2018-07-09T06:01:05","modified_gmt":"2018-07-09T06:01:05","slug":"vipul-motors-p-ltd-v-acit-2018-65-itr-12-sn-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vipul-motors-p-ltd-v-acit-2018-65-itr-12-sn-delhi-trib\/","title":{"rendered":"Vipul Motors P. Ltd.  v. ACIT (2018) 65 ITR  12  (SN) (Delhi) (Trib)"},"content":{"rendered":"<p>Tribunal\u00a0 held that, the proceedings initiated under S.\u00a0153A\u00a0of the Act were still pending for adjudication before the Commissioner (Appeals) when the notice under S.\u00a0148\u00a0of the Act was issued. The same issue of addition of Rs. 12 lakhs, being loan received from KVF, was the subject matter of the section\u00a0153A\u00a0proceedings as well as the section\u00a0148\u00a0proceedings. There could not be two parallel proceedings on a similar subject matter and proceedings initiated first must come to an end for making way for initiation of other proceedings on the same subject matter. According to the statutory scheme and the provisions of the Act during the pendency of proceedings under S.\u00a0153A\u00a0the Assessing Officer was not empowered to issue notice under S.\u00a0147\u00a0\/\u00a0148\u00a0. Therefore the reassessment proceedings for assessment year 2003-04 suffered from the basic defect of the reassessment notice being illegal and, therefore, the reassessment proceedings could not be sustained. Accordingly the reassessment proceedings for the assessment year 2003-04 were quashed as void ab initio.<strong>\u00a0<\/strong>( AY.2003-04, 2004-05) \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment \u2013 Search-original assessment was  pending before Commissioner (Appeals) \u2014 Assessing Officer is  not empowered  to issue reassessment notice \u2014 Reassessment is held to  be  illegal as void ab initio. [ S.148, 153A ]<\/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-1722","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-rM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1722","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=1722"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1722\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}