{"id":27023,"date":"2022-05-20T07:18:59","date_gmt":"2022-05-20T01:48:59","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sterling-and-wilson-p-ltd-v-acit-2022285-taxman-468-bom-hc\/"},"modified":"2022-05-20T07:18:59","modified_gmt":"2022-05-20T01:48:59","slug":"sterling-and-wilson-p-ltd-v-acit-2022285-taxman-468-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sterling-and-wilson-p-ltd-v-acit-2022285-taxman-468-bom-hc\/","title":{"rendered":"Sterling and Wilson (P.) Ltd. v .ACIT (2022)285 Taxman 468 (Bom) ( HC)"},"content":{"rendered":"<p>Reassessment was initiated in case of assessee-company to disallow assessee&#8217;s claim of depreciation on goodwill . On writ the Court held that\u00a0 in original assessment proceedings, assessee had provided details regarding claim of depreciation with supporting evidence and Assessing Officer after considering said evidences, allowed said claim \u00a0. On facts, initiation of reassessment was nothing but mere change of opinion . Re assessment notice is quashed . ( AY. 2014 -15))<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment \u2013 Depreciation on goodwill \u2013 Change of opinion \u2013 Re assessment notice is not valid [ S. 32 , 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-27023","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-71R","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27023","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=27023"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27023\/revisions"}],"predecessor-version":[{"id":27024,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27023\/revisions\/27024"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=27023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=27023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=27023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}