{"id":2381,"date":"2018-09-14T13:29:51","date_gmt":"2018-09-14T13:29:51","guid":{"rendered":"http:\/\/itatonline.org\/digest\/sky-view-consultants-p-ltd-v-ito-2017-397-itr-673-86-taxmann-com-87-delhi-hc-editorial-slp-of-revenue-is-dismissed-ito-v-sky-view-consultants-2018-257-taxman-250-sc-2\/"},"modified":"2018-11-04T15:05:29","modified_gmt":"2018-11-04T15:05:29","slug":"sky-view-consultants-p-ltd-v-ito-2017-397-itr-673-86-taxmann-com-87-delhi-hc-editorial-slp-of-revenue-is-dismissed-ito-v-sky-view-consultants-2018-257-taxman-250-sc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sky-view-consultants-p-ltd-v-ito-2017-397-itr-673-86-taxmann-com-87-delhi-hc-editorial-slp-of-revenue-is-dismissed-ito-v-sky-view-consultants-2018-257-taxman-250-sc-2\/","title":{"rendered":"Sky View Consultants ( P) Ltd v. ITO ( 2017) 397 ITR 673\/ 86 taxmann.com 87 ( 2018) 169 DTR 157\/ 304 CTR 827  ( Delhi) (HC) Editorial: SLP of revenue is dismissed , ITO  v. Sky view consultants. (2018) 257 Taxman  250 (SC)"},"content":{"rendered":"<p>Allowing the petition the Court held that\u00a0 the Tax evasion petitions received for\u00a0 AY. 2007 -08, 2008 09 cannot\u00a0 \u00a0have formed basis for reopening of assessment for relevant year, as Assessing Officer had not referred to orders passed therein at time of recording reasons for reopening assessment for current year. Court also \u00a0held that where Income-tax Officer had not been authorized to exercise his powers under S. 131(1A), reports submitted by him could not have formed valid basis for re-opening assessment. ( AY.2009 -10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment- Tax evasion petition- Recording of reasons- Bogus entries- Tax evasion petitions received for previous years cannot   be basis for reopening of assessment for relevant year, as Assessing Officer had not referred  in recording reasons for   the year under consideration- Reports submitted by the Income tax Officer who is not authorised to exercise the power cannot be the basis for reopening of  assessment [ S.69A, 131(IA), 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-2381","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Cp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2381","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=2381"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2381\/revisions"}],"predecessor-version":[{"id":2892,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2381\/revisions\/2892"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}