{"id":32160,"date":"2023-01-27T14:39:30","date_gmt":"2023-01-27T09:09:30","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ernst-and-young-u-s-llp-v-acitit-2022-449-itr-425-delhihc-editorial-slp-of-assessee-dismissed-ernst-and-young-u-s-llp-v-acit-it2022-449-itr-3-scst\/"},"modified":"2023-01-27T14:39:30","modified_gmt":"2023-01-27T09:09:30","slug":"ernst-and-young-u-s-llp-v-acitit-2022-449-itr-425-delhihc-editorial-slp-of-assessee-dismissed-ernst-and-young-u-s-llp-v-acit-it2022-449-itr-3-scst","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ernst-and-young-u-s-llp-v-acitit-2022-449-itr-425-delhihc-editorial-slp-of-assessee-dismissed-ernst-and-young-u-s-llp-v-acit-it2022-449-itr-3-scst\/","title":{"rendered":"Ernst and Young U. S. LLP v. ACIT(IT) (2022) 449 ITR 425 (Delhi)(HC) Editorial: SLP of assessee dismissed, Ernst and Young U. S. LLP v. ACIT (IT)(2022) 449 ITR 3 (SC)(St)"},"content":{"rendered":"<p>The show cause notice was issued to reopen the assessment on the ground that the assessee \u2018s return of income did not offer to tax receipts of professional service charges from S.R. Botliboi and Associates LLP.\u00a0\u00a0 The petitioner challenged the order passed under section 148A(d) and notice issued under section 148 of the Act. Dismissing the petition the Court held that there was no infirmity in the order passed by the Assessing Officer under section\u00a0148A(d)\u00a0for issue of notice under section\u00a0148 of the Act. Court also held that \u00a0when the original assessment proceeding has been completed under section\u00a0143(1)\u00a0of the\u00a0Income-tax Act, 1961, there is no need for fresh tangible material for reopening the assessment under section\u00a0147\u00a0since there is a distinction between \u201cintimation\u201d and \u201cassessment\u201d under section\u00a0143(1)\u00a0and\u00a0143(3). Consequently, the order passed under section\u00a0143(1)\u00a0is not an assessment for the purposes of section\u00a0147\u00a0and therefore, it is not necessary for the Assessing Officer to come across some fresh tangible material to form a belief that income has escaped assessment. (AY.2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Intimation-Fresh material not necessary for reopening assessment-Order passed under section 148A(d) and notice issued under section 148 is held to be valid.  [S. 143(1), 147, 148, 148A(d), 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-32160","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8mI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32160","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=32160"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32160\/revisions"}],"predecessor-version":[{"id":32161,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32160\/revisions\/32161"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}