{"id":18096,"date":"2021-05-10T17:37:14","date_gmt":"2021-05-10T12:07:14","guid":{"rendered":"https:\/\/itatonline.org\/digest\/century-fiscal-services-ltd-v-ito-2020-84-itr-174-chd-trib\/"},"modified":"2022-03-27T13:12:47","modified_gmt":"2022-03-27T07:42:47","slug":"century-fiscal-services-ltd-v-ito-2020-84-itr-174-chd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/century-fiscal-services-ltd-v-ito-2020-84-itr-174-chd-trib\/","title":{"rendered":"Century Fiscal Services Ltd. v. ITO (2020) 84 ITR 174 \/ (2021) 210 TTJ 26 (UO) (Chd.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that the belief of escapement of income as recorded in the reasons, was clearly not that of the Assessing Officer but borrowed belief. Since the satisfaction regarding escapement of income as recorded in the reasons was not that of the Assessing Officer but was borrowed satisfaction, the jurisdiction assumed to reopen the case under section\u00a0147\u00a0of the Act was bad in law.(AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-Accommodation  entries-Share capital-Unsecured loan-Borrowed satisfaction-Non application of mind-Reassessment is held to be bad in law. [S. 69, 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-18096","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4HS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18096","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=18096"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18096\/revisions"}],"predecessor-version":[{"id":26061,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18096\/revisions\/26061"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=18096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=18096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}