{"id":22719,"date":"2021-11-17T16:43:32","date_gmt":"2021-11-17T11:13:32","guid":{"rendered":"https:\/\/itatonline.org\/digest\/omkara-assets-reconstruction-pvt-ltd-v-acit-2021-436-itr-40-mad-hc\/"},"modified":"2021-11-17T16:43:32","modified_gmt":"2021-11-17T11:13:32","slug":"omkara-assets-reconstruction-pvt-ltd-v-acit-2021-436-itr-40-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/omkara-assets-reconstruction-pvt-ltd-v-acit-2021-436-itr-40-mad-hc\/","title":{"rendered":"Omkara Assets Reconstruction Pvt. Ltd. v. ACIT (2021) 436 ITR 40 (Mad.)(HC)"},"content":{"rendered":"<p>Allowing the petition the Court held that\u00a0 the main issues for consideration in the appeal before the Commissioner (Appeals) under section\u00a0246A\u00a0were limited largely to the inclusion of unsecured loans and share capital as part of the total income of the assessee, the court directed the expeditious disposal of the pending appeal after providing a reasonable opportunity to the assessee, including a personal hearing if so requested. Until such time, the Department was restrained from recovering the demand pursuant to the assessment order under section\u00a0143(3)\u00a0read with section\u00a0144B.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 246A : Appeal-Commissioner (Appeals)-Pendency of appeal-Recovery of tax-Direction  was issued to expedite the disposal of appeal and restraint  against recovery of demand until disposal of appeal.  [S. 143(3), 144B, 156, 226,  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-22719","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5Ur","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22719","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=22719"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22719\/revisions"}],"predecessor-version":[{"id":22720,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22719\/revisions\/22720"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}