{"id":19929,"date":"2021-07-02T17:51:58","date_gmt":"2021-07-02T12:21:58","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-jamnalal-sons-p-ltd-2020-189-dtr-69-203-ttj-1008-nag-trib-dy-cit-v-bachhraj-bhavan-2020-189-dtr-69-203-ttj-1008-nag-trib\/"},"modified":"2021-07-02T17:51:58","modified_gmt":"2021-07-02T12:21:58","slug":"dy-cit-v-jamnalal-sons-p-ltd-2020-189-dtr-69-203-ttj-1008-nag-trib-dy-cit-v-bachhraj-bhavan-2020-189-dtr-69-203-ttj-1008-nag-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-jamnalal-sons-p-ltd-2020-189-dtr-69-203-ttj-1008-nag-trib-dy-cit-v-bachhraj-bhavan-2020-189-dtr-69-203-ttj-1008-nag-trib\/","title":{"rendered":"Dy .CIT v. Jamnalal Sons ( P )Ltd ( 2020 ) 189 DTR 69\/ 203 TTJ 1008 ( Nag) ( Trib ) Dy.CIT v. Bachhraj Bhavan ( 2020 ) 189 DTR 69\/ 203 TTJ 1008 ( Nag) ( Trib )"},"content":{"rendered":"<p><em>In the reassessment proceedings the Assessing Officer made addition to the book profit in terms of statutory provisions of clause (f) of explanation (1) of sub section (2) to section 115JB of the I.T. Act, 1961 as the same remained to be done in the assessment \u00a0u\/s 143 (3) of the Act .\u00a0 On appeal the CIT ( A) held that the reassessment was bad in law \u00a0due to change of opinion . On appeal by the revenue the Tribunal \u00a0referred binding decisions of Jurisdictional High Court in \u00a0<\/em>IPCA v. Gajanand Meena (2001) 251 ITR 416 (Bom.) (HC ) \u00a0Bhavesh Developers v.. Assessing Officer (2010) 329 ITR 0249 (Bom.) (HC) , Sir Warana Sahakari Dudh Utpadak Prakriya Sang v . ACIT (2005) 199 CTR 24 (Bom.)(Bom)( HC) ,Bank International Indonesia v. \u00a0\u00a0DDIT (IT) ITA No.1083\/Mum\/2006., Aventis Pharma Ltd. v. ACIT \u00a0(2010 ) 323 ITR 570 ( Bom )( HC ) \u00a0\u00a0Asteroids Trading &amp; Investments (P) Ltd.v \u00a0DCIT (2009) 223 CTR 144 \u00a0(Bom)( HC ) Cartini India Ltd. v . Addl. CIT \u00a0(2009) 314 ITR 275 (Bom.) (HC ) \u00a0\u00a0\u00a0\u00a0. \u00a0<em>Accordingly the appeal of revenue was dismissed . \u00a0As Regards appeal of asseee in respect of disallowance u\/ s.14A of the matter \u00a0remanded to the file of CIT ( A) \u00a0\u00a0( AY. 2009 -10 to 2011 -12 ) <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment \u2013 Book profit \u2013 No failure to disclose material facts \u2013 With in four years \u2013 Change of opinion &#8211; Reassessment is held to be bad in law . [ S.14A, 115JB , 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-19929","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5br","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19929","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=19929"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19929\/revisions"}],"predecessor-version":[{"id":19930,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19929\/revisions\/19930"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=19929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=19929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=19929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}