{"id":38269,"date":"2023-12-28T14:47:45","date_gmt":"2023-12-28T09:17:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ratan-industries-ltd-v-pcit-2023-293-taxman-690-all-hc\/"},"modified":"2023-12-28T14:47:45","modified_gmt":"2023-12-28T09:17:45","slug":"ratan-industries-ltd-v-pcit-2023-293-taxman-690-all-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ratan-industries-ltd-v-pcit-2023-293-taxman-690-all-hc\/","title":{"rendered":"Ratan Industries Ltd. v. PCIT (2023) 293 Taxman 690 (All.)(HC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>A reassessment notice under section 143(3)\/147 was issued upon assessee.\u00a0 Assessee filed a writ petition against same which was pending.\u00a0 Principal Commissioner rejected revision on ground that as writ petition filed by assessee against initiation of reassessment proceedings under section 143(3)\/147 was pending consideration, in view of provisions of section 264(4)(a), no order could be passed under section 264 of the Act. On writ the\u00a0 Court had made it clear that there was no embargo upon competent authority to proceed in matter\u00a0 Thus, assessment proceeding was completed against which assessee had filed a revision petition under section 264\u00a0 of the Act. Therefore pendency of writ petition would not amount to pendency of any appeal before any authority as per section 264(4)(a) of the Act.Revision petition filed by assessee against reassessment order was to be decided. \u00a0(AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 264 : Commissioner-Revision of other orders-Reassessment-Pendency of writ petition-Revision petition filed by assessee against reassessment order was to be decided.[S. 143(3), 147, 264(4)(a), 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-38269","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9Xf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38269","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=38269"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38269\/revisions"}],"predecessor-version":[{"id":38270,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38269\/revisions\/38270"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}