{"id":25097,"date":"2022-02-21T17:48:57","date_gmt":"2022-02-21T12:18:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-indian-overseas-bank-2021-207-dtr-202-mad-hc\/"},"modified":"2022-07-07T13:07:37","modified_gmt":"2022-07-07T07:37:37","slug":"cit-v-indian-overseas-bank-2021-207-dtr-202-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-indian-overseas-bank-2021-207-dtr-202-mad-hc\/","title":{"rendered":"CIT v. Indian Overseas Bank (2021) 207 DTR 202\/(2022)441 ITR 689  (Mad.)(HC)"},"content":{"rendered":"<p>The assessment was completed u\/s. 143(3) of the Act on 28<sup>th<\/sup> December 2006. The reassessment was completed on 30 the December 2011. The revision order was passed on 26<sup>th<\/sup> March 2014. The Tribunal held that the issue which was not subject matter of reassessment while computing the limitation\u00a0 the issue which was was\u00a0 not subject matter of reassessment limitation has to be computed from the original assessment-Revision was held to be barred by limitation. \u00a0Relied on\u00a0 CIT v. Alagendran Finance Ltd. (2007) 293 ITR 1(SC), Asoka Buildcon Ltd v. ACIT\u00a0 (2010) 325 ITR 574 (Bom.)(HC), CIT v. ICICI Bank Ltd (2012) 252 CTR 85 (Bom)(HC)\u00a0\u00a0 (AY. 2004-05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limitation-Reassessment-Issue which was  not subject matter of reassessment limitation has to be computed from the original assessment-Revision was held to be barred by limitation. [S.  143(3), 147, 263(2)] <\/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-25097","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6wN","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25097","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=25097"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25097\/revisions"}],"predecessor-version":[{"id":28116,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25097\/revisions\/28116"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}