{"id":38227,"date":"2023-12-28T14:37:01","date_gmt":"2023-12-28T09:07:01","guid":{"rendered":"https:\/\/itatonline.org\/digest\/anjis-developers-pvt-ltd-v-cit-2023455-itr-523-150-taxmann-com-112-bomhc-editorial-slp-of-revenue-is-dismissed-cit-v-anjis-developers-p-ltd-2023-293-taxman-71-sc\/"},"modified":"2023-12-28T14:37:01","modified_gmt":"2023-12-28T09:07:01","slug":"anjis-developers-pvt-ltd-v-cit-2023455-itr-523-150-taxmann-com-112-bomhc-editorial-slp-of-revenue-is-dismissed-cit-v-anjis-developers-p-ltd-2023-293-taxman-71-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/anjis-developers-pvt-ltd-v-cit-2023455-itr-523-150-taxmann-com-112-bomhc-editorial-slp-of-revenue-is-dismissed-cit-v-anjis-developers-p-ltd-2023-293-taxman-71-sc\/","title":{"rendered":"Anjis Developers Pvt. Ltd. v. CIT (2023)455 ITR 523 \/ 150 taxmann.com 112 (Bom)(HC) Editorial : SLP of Revenue is dismissed, CIT v. Anjis Developers (P.) Ltd. [2023] 293 Taxman 71 (SC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Allowing the petition the Court held that\u00a0 the\u00a0 reopening of assessment for the assessment year was on a mere change of opinion. A survey operation had been conducted under section\u00a0133A\u00a0on January 31, 2008 and in the survey report it was specifically recommended to examine in detail the genuineness of the claim of the assessee about compensation payable to the seven parties. The Assessing Officer in his order dated December 31, 2010 had accepted the submissions of the assessee and had allowed the amount refunded as expenditure. In the reasons the Assessing Officer had stated that while passing the order under section\u00a0143(3), the Assessing Officer who had passed the original assessment order should not have accepted the payment of compensation as expenditure but should have treated it as \u201ccapital payment\u201d.\u00a0 Court held that the notice issued under section\u00a0148\u00a0on mere change of opinion hence\u00a0 quashed and set aside.(AY.2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-With in four years-Compensation expenditure-Survey-Capital or revenue-Reopening of  assessment on mere change of  opinion \u2014 Impermissible \u2014 Notice  was quashed and  set aside. [S. 37(1), 133A, 147, 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-38227","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9Wz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38227","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=38227"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38227\/revisions"}],"predecessor-version":[{"id":38228,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38227\/revisions\/38228"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}