{"id":3011,"date":"2018-11-30T05:52:28","date_gmt":"2018-11-30T05:52:28","guid":{"rendered":"http:\/\/itatonline.org\/digest\/mbi-kits-international-v-ito-2018-408-itr-1-mad-hc\/"},"modified":"2019-02-10T05:48:23","modified_gmt":"2019-02-10T05:48:23","slug":"mbi-kits-international-v-ito-2018-408-itr-1-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mbi-kits-international-v-ito-2018-408-itr-1-mad-hc\/","title":{"rendered":"MBI Kits International v. ITO  (2018) 408 ITR 1\/ 172 DTR 89 \/ ( 2019) 306 CTR 125(Mad) (HC)"},"content":{"rendered":"<p>Allowing the petition the Court held that , mentioning of wrong year of commencement of manufacture in Form 56G, when other materials furnished indicated correct year of commencement of manufacture is not a case of failure to disclose material facts. The proviso to S.\u00a0147\u00a0cannot be invoked on the Assessing Officer&#8217;s omission or mistake. Reassessment notice is held to be bad in law . \u00a0( AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment-After the   expiry of four years- Export oriented undertaking \u2014Mentioning of wrong year of commencement of manufacture in Form 56G, when other materials furnished indicated correct year of commencement of manufacture is not  a case of failure to disclose material facts \u2014 The proviso to S. 147 cannot be invoked on the Assessing Officer&#8217;s omission or mistake- Reassessment notice is held to be not valid &#8211; Notice  is not barred by limitation .[ S.10B,148 ]<\/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":[1],"tags":[],"class_list":["post-3011","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Mz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3011","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=3011"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3011\/revisions"}],"predecessor-version":[{"id":3920,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3011\/revisions\/3920"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}