{"id":24030,"date":"2022-01-14T10:53:35","date_gmt":"2022-01-14T05:23:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/t-stanes-and-company-ltd-v-dy-cit-2021-202-dtr-78-321-ctr-153-277-taxman-230-mad-hc-editorial-order-of-single-2021-435-itr-533-202-dtr-82-mad-hc\/"},"modified":"2022-01-17T06:40:43","modified_gmt":"2022-01-17T01:10:43","slug":"t-stanes-and-company-ltd-v-dy-cit-2021-202-dtr-78-321-ctr-153-277-taxman-230-mad-hc-editorial-order-of-single-2021-435-itr-533-202-dtr-82-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/t-stanes-and-company-ltd-v-dy-cit-2021-202-dtr-78-321-ctr-153-277-taxman-230-mad-hc-editorial-order-of-single-2021-435-itr-533-202-dtr-82-mad-hc\/","title":{"rendered":"T. Stanes and Company Ltd. v. Dy. CIT (2021) 435 ITR 539\/ 202 DTR 78\/ 321 CTR 153\/ 277 Taxman 230 (Mad.)(HC) Editorial : Order of single ( 2021 ) 435 ITR 533\/ 202 DTR 82\/ 321 CTR 157  ( Mad ) (HC)"},"content":{"rendered":"<p>Reassessment proceedings were challenged before the High Court . High Court held that the Assessing Officer\u00a0 was not entitled to adjust loss of brought forward from books of account of transferor-company. However the Single Judge held that re-assessment was without jurisdiction but rendered direction to Assessing Officer to look into other grounds\u00a0 . On appeal the division bench held that\u00a0 when the\u00a0 since Single Judge came to conclusion that re-assessment proceedings were without jurisdiction, Single Judge was barred to issue any further directions to Assessing Officer to look into other grounds . \u00a0(AY. 2010-11, 2011 -12 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the   expiry of four years- When re-assessment proceedings to disallow brought forward loss were held to be without jurisdiction, High Court could not issue fresh directions to Assessing Officer to look into other grounds.[S.72 ,  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-24030","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6fA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24030","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=24030"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24030\/revisions"}],"predecessor-version":[{"id":24118,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24030\/revisions\/24118"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=24030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=24030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}