{"id":22588,"date":"2021-11-14T13:13:27","date_gmt":"2021-11-14T07:43:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ge-t-d-india-ltd-v-dy-cit-2021-281-taxman-228-mad-hc\/"},"modified":"2021-11-14T13:13:27","modified_gmt":"2021-11-14T07:43:27","slug":"ge-t-d-india-ltd-v-dy-cit-2021-281-taxman-228-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ge-t-d-india-ltd-v-dy-cit-2021-281-taxman-228-mad-hc\/","title":{"rendered":"GE T &#038;D India Ltd v. Dy. CIT (2021) 281 Taxman 228 (Mad.) (HC)"},"content":{"rendered":"<p>Dismissing the petition the Court held that \u00a0since manner in which sale deed was valued by assessee and stamp duty paid at time of registration and actual market value prevailing during relevant point of time with reference to subject property, provided new information and additional material, which were not considered by Assessing Officer at time of original assessment, reopening of assessment\u00a0 is valid in law\u00a0 . Court also held that when an appellate remedy is provided in respect of final order of assessment passed by competent authority, assessee must exhaust said appellate remedy first. ( AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment \u2013 Capital gains \u2013 Stamp valuation \u2013 New information \u2013 Reassessment notice  is held to be justified &#8211;  Alternative  appellate remedy- Writ is not  maintainable. [ S.45, 48, 148, Art , 226 ] <\/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-22588","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5Sk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22588","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=22588"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22588\/revisions"}],"predecessor-version":[{"id":22589,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22588\/revisions\/22589"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}