{"id":30328,"date":"2022-10-19T13:23:26","date_gmt":"2022-10-19T07:53:26","guid":{"rendered":"https:\/\/itatonline.org\/digest\/chandrakant-narayan-patkar-charitable-trust-v-itoe-2022-287-taxman-685-bom-hc\/"},"modified":"2022-10-19T13:23:26","modified_gmt":"2022-10-19T07:53:26","slug":"chandrakant-narayan-patkar-charitable-trust-v-itoe-2022-287-taxman-685-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/chandrakant-narayan-patkar-charitable-trust-v-itoe-2022-287-taxman-685-bom-hc\/","title":{"rendered":"Chandrakant Narayan Patkar Charitable Trust v. ITO(E) (2022) 287 Taxman 685 (Bom.)(HC)"},"content":{"rendered":"<p>Assessee, a registered charitable Trust, filed its return of income and claimed an accumulation of Rs. 70 lakhs for being used for charitable and religious purposes in India over a period of five years under section 11(2) of the Act. In audit report and in return of income, inadvertently it was mentioned that such accumulation was against section 11(1)\u00a0 which\u00a0 was\u00a0 explained during course of assessment proceedings which\u00a0 was accepted. The AO issued notice for reassessment. On writ the Court held that\u00a0 reassessment notice\u00a0 due to change of opinion hence the notice was quashed. (AY.2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-Charitable trust-Accumulation of income-Deemed accumulation of income-Change of opinion-Reassessment is not justified. [S. 11(2), 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-30328","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7Ta","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30328","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=30328"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30328\/revisions"}],"predecessor-version":[{"id":30329,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30328\/revisions\/30329"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=30328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=30328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}