{"id":35230,"date":"2023-08-01T16:46:50","date_gmt":"2023-08-01T11:16:50","guid":{"rendered":"https:\/\/itatonline.org\/digest\/a-and-j-associates-v-acit-2023-454-itr-590-bom-hc\/"},"modified":"2023-08-01T16:46:50","modified_gmt":"2023-08-01T11:16:50","slug":"a-and-j-associates-v-acit-2023-454-itr-590-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/a-and-j-associates-v-acit-2023-454-itr-590-bom-hc\/","title":{"rendered":"A and J Associates v. ACIT (2023) 454 ITR 590 (Bom.)(HC)"},"content":{"rendered":"<p>Allowing the petition the Court held that the reopening of assessment under section\u00a0147\u00a0of the\u00a0Income-tax Act, 1961\u00a0in respect of the sale and purchase of property by the assessee was merely on a change of opinion. The Assessing Officer had relied upon the same information available from the assessment records and there was no new tangible material available with him to conclude that income had escaped assessment. The notice issued under section\u00a0148\u00a0and the order rejecting the assessee\u2019s objections were quashed and set aside.( AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment\u2013After the expiry of four years &#8211; Same material available on record-Change of opinion-Notice and order rejecting objections set aside. [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-35230","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9ae","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35230","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=35230"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35230\/revisions"}],"predecessor-version":[{"id":35231,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35230\/revisions\/35231"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}