{"id":20424,"date":"2021-07-21T11:21:26","date_gmt":"2021-07-21T05:51:26","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-raj-buildworth-p-ltd-2020-113-taxmann-com-600-delhi-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-raj-buildworth-p-ltd-2020-269-taxman-383-sc\/"},"modified":"2021-07-21T11:21:26","modified_gmt":"2021-07-21T05:51:26","slug":"pcit-v-raj-buildworth-p-ltd-2020-113-taxmann-com-600-delhi-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-raj-buildworth-p-ltd-2020-269-taxman-383-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-raj-buildworth-p-ltd-2020-113-taxmann-com-600-delhi-hc-editorial-slp-of-revenue-is-dismissed-pcit-v-raj-buildworth-p-ltd-2020-269-taxman-383-sc\/","title":{"rendered":"PCIT v. Raj Buildworth (P.) Ltd. (2020) 113 taxmann.com 600 (Delhi) (HC) Editorial: SLP of revenue is dismissed PCIT v. Raj Buildworth (P.) Ltd (2020) 269 Taxman 383 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the High Court held that the Tribunal\u00a0 is justified in holding that\u00a0 Assessing Officer could not have initiated and passed an assessment order under section 153C for relevant assessment year as same was beyond period of six years from end of financial year in which satisfaction note was recorded by Assessing Officer. Satisfaction for initiation of proceedings under section 153C was recorded by Assessing officer on 02-02-2015. \u00a0Followed IT\u00a0v.\u00a0RRJ Securities Ltd (2016) 380 ITR 612 (Delhi) (HC). (AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153C : Assessment-Income of any other person-Initiation of assessment  proceedings beyond period of six years from end of financial year in which satisfaction note was recorded by Assessing Officer is held to be not valid. [S. 132] <\/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-20424","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5jq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20424","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=20424"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20424\/revisions"}],"predecessor-version":[{"id":20425,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20424\/revisions\/20425"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}