Petitioner was formed as a result of demerger of the erstwhile Maharashtra State Electricity Board. The assessment was completed u\/s 143(3) of the Act. The notice u\/s 148\u00a0 dt 30-3-2019 was issued and the order disposing the objection was passed on 22-11-2019. On writ allowing the petition the reasons recorded for re-opening, the JAO himself admits that the re-opening of assessment by him is based on the very same material which was considered by the original Assessing Officer, to take another view.\u00a0 Reassessment notice and order disposing the objection was quashed. Followed\u00a0 Crompton Greaves Ltd v. ACIT (2015) 55 taxmann.com 59 \/ 229 Taxman 545 (Bom.)(HC) & Ananta Landmark Pvt. Ltd. v. DCIT. (2021) 439 ITR 168\/ 283 Taxman 462 (Bom)(HC). (WP No. 3573 of 2019 dt. 4-1-22) (AY. 2012-2013)<\/p>\n
Maharashtra State Electricity Distribution Co. Ltd. v. DCIT<\/strong>\u00a0 (Bom.) (HC)(UR)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" S. 147 : Reassessment-After the expiry of four years-Change of opinion-No failure to disclose material facts-Demerger-Same material-Reassessment notice and order disposing the objection was quashed. [S. 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-31545","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8cN","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31545","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=31545"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31545\/revisions"}],"predecessor-version":[{"id":31546,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31545\/revisions\/31546"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=31545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=31545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=31545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}