{"id":31549,"date":"2022-12-30T13:08:37","date_gmt":"2022-12-30T07:38:37","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nelco-ltd-v-acit-bom-hc-ur\/"},"modified":"2022-12-30T13:08:37","modified_gmt":"2022-12-30T07:38:37","slug":"nelco-ltd-v-acit-bom-hc-ur","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nelco-ltd-v-acit-bom-hc-ur\/","title":{"rendered":"Nelco Ltd. v. ACIT (Bom.)(HC) (UR)"},"content":{"rendered":"<p>The assessment was completed under section 143(3) of the Act on 22-2-2016.\u00a0 The notice under section 148\u00a0 dated 20-3-2020\u00a0 was issued\u00a0 on the\u00a0 assessee. The assessee filed its objections to the re-opening and order rejecting objections dated 24th September, 2021 was passed. Assessment order\u00a0 was\u00a0 passed on 29th September, 2021 within five days. The assessee filed writ petition. Allowing the petition the Court held that\u00a0 in\u00a0 Asian Paints Ltd. v. DCIT, [2008] 296 ITR 90 (Bom)(HC), in when it was held that if the Assessing Officer does not accept the objections filed, he shall not proceed further in the matter within a period of four weeks from the date of service of the said order of the objections on the assessee. This court had also directed that all Income Tax Officers concerned shall follow the proceedings strictly in all such cased of re-opening of assessment.\u00a0 Respondent are in breach of the order of this court. Accordingly the assessment order dated 29-9-2021\u00a0 was set aside. Court also held that the re assessment notice is due to change of opinion accordingly,\u00a0 notice dated 20-3-2020\u00a0 and order passed rejecting the objections dated 24-9 2021 also set aside.\u00a0\u00a0 <strong>(<\/strong>WP. No. 7342 of 2021 dt.\u00a0 19-1-2022) (AY. 2013-2014)<\/p>\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1oqHqRqyv_RPY9FMaoXbW1uaa2bAuEiD0\/view?usp=share_link\"><strong>Nelco Ltd. v. ACIT<\/strong> <strong>(Bom.)(HC) (UR)<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the expiry of four years-Change of opinion-When the Assessing Officer does not accept the objections filed, he shall not proceed further in the matter within a period of four weeks from the date of service of the said order of the objections on the assessee-Order was quashed-Notice and order rejecting the objection was also 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-31549","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8cR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31549","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=31549"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31549\/revisions"}],"predecessor-version":[{"id":31550,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31549\/revisions\/31550"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=31549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=31549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=31549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}