{"id":2212,"date":"2018-08-28T10:05:08","date_gmt":"2018-08-28T10:05:08","guid":{"rendered":"http:\/\/itatonline.org\/digest\/kumars-metallurgical-corporation-ltd-v-jcit-2018-406-itr-386-tap-hc\/"},"modified":"2018-08-28T10:05:08","modified_gmt":"2018-08-28T10:05:08","slug":"kumars-metallurgical-corporation-ltd-v-jcit-2018-406-itr-386-tap-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kumars-metallurgical-corporation-ltd-v-jcit-2018-406-itr-386-tap-hc\/","title":{"rendered":"Kumar\u2019s Metallurgical Corporation Ltd.  v. JCIT ( 2018) 406 ITR 386 (T&#038;AP) (HC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that\u00a0\u00a0 the Commissioner (Appeals) and the Income-tax Appellate Tribunal had mechanically upheld the order of the Assessing Officer without proper appreciation of the true scope and purport of sections\u00a0147\u00a0and\u00a0148\u00a0. Deduction allowed from Income from other sources in original assessment and the AO has not brought any new facts on record. Accordingly the reassessment to withdraw deduction is not valid<strong>. <\/strong>\u00a0( AY.1992-93)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment \u2014 With in four years- Deduction allowed from Income from other sources in original assessment \u2014 No new facts on record \u2014 Reassessment to withdraw deduction is not valid .[ S. 56, 57(iii), 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":[1],"tags":[],"class_list":["post-2212","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-zG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2212","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=2212"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2212\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}