{"id":22701,"date":"2021-11-17T16:35:07","date_gmt":"2021-11-17T11:05:07","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-m-r-narayanan-2021-436-itr-520-mad-hc\/"},"modified":"2021-11-17T16:35:07","modified_gmt":"2021-11-17T11:05:07","slug":"pcit-v-m-r-narayanan-2021-436-itr-520-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-m-r-narayanan-2021-436-itr-520-mad-hc\/","title":{"rendered":"PCIT v. M. R. Narayanan (2021) 436 ITR 520 (Mad.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0\u00a0 all the particulars relating to dividends and short-term capital gains and other particulars were available with the Assessing Officer during the assessment proceedings, which were concluded under section\u00a0143(3)\u00a0of the Act. The Tribunal, on the facts, had recorded that the Department did not bring any material fact before it, which was not disclosed in the original return of income. The reopening of the assessment beyond four years was clearly a case of change of opinion. The reassessment was not valid. (AY. 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the expiry of four years-Change of opinion-Short term capital gains-Dividend-Reassessment is held to be not valid. [S. 10 (38), 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-22701","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5U9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22701","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=22701"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22701\/revisions"}],"predecessor-version":[{"id":22702,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22701\/revisions\/22702"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}