{"id":31913,"date":"2023-01-09T10:51:37","date_gmt":"2023-01-09T05:21:37","guid":{"rendered":"https:\/\/itatonline.org\/digest\/manan-trading-co-pvt-ltd-v-dy-cit-2022-449-itr-587-bom-hc\/"},"modified":"2023-01-09T10:51:37","modified_gmt":"2023-01-09T05:21:37","slug":"manan-trading-co-pvt-ltd-v-dy-cit-2022-449-itr-587-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/manan-trading-co-pvt-ltd-v-dy-cit-2022-449-itr-587-bom-hc\/","title":{"rendered":"Manan Trading Co. Pvt. Ltd. v. Dy. CIT (2022) 449 ITR 587 (Bom.)(HC)"},"content":{"rendered":"<p>The notice of reassessment was issued on the ground the Assessing Officer has had added back only 1 per cent. of the total turnover or sales to the income of the assessee instead of adding back 5 per cent. On writ allowing the petition the Court held that\u00a0 there was nothing to indicate why it should be 5 per cent. Accordingly the notice and order disposing the objection was quashed. (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the expiry of four years-Estimate of gross profit-Reassessment notice to make addition of 5 percent of turnover instead of 1 percent addition was made in  scrutiny assessment-Change of opinion-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-31913","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8iJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31913","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=31913"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31913\/revisions"}],"predecessor-version":[{"id":31914,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31913\/revisions\/31914"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=31913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=31913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=31913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}