{"id":26593,"date":"2022-04-21T05:56:00","date_gmt":"2022-04-21T00:26:00","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pfizer-ltd-v-acit-2022-285-taxman-188-bomhc\/"},"modified":"2023-01-05T21:01:16","modified_gmt":"2023-01-05T15:31:16","slug":"pfizer-ltd-v-acit-2022-285-taxman-188-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pfizer-ltd-v-acit-2022-285-taxman-188-bomhc\/","title":{"rendered":"Pfizer Ltd v. ACIT (2022) 285 Taxman 188 \/ 209 DTR 149 \/ 327 CTR 189(Bom)(HC)"},"content":{"rendered":"<p>The reassessment notice was issued for failure to deduct tax at source in respect of\u00a0 payments made to\u00a0 stockists\u00a0\u00a0 . On writ allowing the petition the court held that in the original assessment proceedings\u00a0 issue had been discussed\u00a0 and the assessee has given detailed explanation.\u00a0 Accordingly the order\u00a0 and consequential notices are set aside .Followed Aroni Commercial Ltd v . Dy.CIT ( 2014) 362 ITR 403 ( Bom) ( HC)\u00a0\u00a0\u00a0\u00a0 ( AY. 2012 -13 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment \u2013 After the expiry of four years &#8211;  Failure to deduct tax at source \u2013 Payments to stockists \u2013 No failure to disclose material facts -Reassessment notice was quashed .  [ S. 40(a)(ia), 148 , 184H , 201(1) 201(IA) ,  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-26593","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6UV","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26593","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=26593"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26593\/revisions"}],"predecessor-version":[{"id":31815,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26593\/revisions\/31815"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}