{"id":25343,"date":"2022-03-12T10:03:13","date_gmt":"2022-03-12T04:33:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/hitech-corporation-ltd-formerly-known-as-hitesh-plast-ltd-v-acit-bom-hc-www-itatonline-org\/"},"modified":"2022-03-12T10:03:13","modified_gmt":"2022-03-12T04:33:13","slug":"hitech-corporation-ltd-formerly-known-as-hitesh-plast-ltd-v-acit-bom-hc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hitech-corporation-ltd-formerly-known-as-hitesh-plast-ltd-v-acit-bom-hc-www-itatonline-org\/","title":{"rendered":"Hitech Corporation Ltd ( Formerly Known as Hitesh Plast Ltd ) v. ACIT ( Bom)( HC) www.itatonline .org."},"content":{"rendered":"<p>The assessment of the petitioner was completed under section 143(3) of the Act . In the course of assessment proceedings \u00a0specific question was raised as regards taxability of the subsidy and provision \u00a0for \u00a0expenses\u00a0 \u00a0. After considering the reply the Assessing Officer has accepted the contention of the petitioner \u00a0and partly disallowed the provision for \u00a0expenses \u00a0. Against the order of the Assessing Officer the petitioner had preferred an appeal before the CIT ( A) which is pending for disposal . After the expiry of four years the Assessing Officer issued the notice for reassessment and in the recorded reasons the Assessing Officer proposed to make addition as regards the subsidy and provision for expenses \u00a0. The petitioner has filed detailed reply objecting to proposed reassessment , however the assessing Officer rejected the \u00a0objection without discussing any of the contention of the petitioner . \u00a0In the rejection order the Assessing Officer quoted 68 case laws . On writ allowing the petition the Court held that,\u00a0 it is not necessary that the assessment order should contain reference or discussion in the assessment order. Court also observed that the\u00a0 order of disposal of objections in to 21 pages and referring 68 case laws without referring the issue under consideration\u00a0 the \u00a0Faceless Assessing Officer has only wasted his time in writing unsustainable order on objections . The order was quashed .\u00a0 ( WP(L) No 6861 of 2022 dt 9 -3 -2022 ) (AY. 2015 -16 <strong>) <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment \u2013 After the expiry of four years \u2013 Change of opinion \u2013 Subsidy \u2013 Provision for expenses \u2013 Query raised during assessment proceedings \u2013 Reply filed \u2013 It is not necessary that the assessment order should contain reference or discussion in the assessment order -Order  was quashed \u2013 Court observed that the  order of disposal of objections in to 21 pages and referring 68 case laws without referring the issue under consideration \u2013 Faceless Assessing Officer has only wasted his time in writing unsustainable order on objections . [ S. 4, 37(1)),  143(3), 148 ,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-25343","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6AL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25343","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=25343"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25343\/revisions"}],"predecessor-version":[{"id":25344,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25343\/revisions\/25344"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}