{"id":3851,"date":"2019-02-04T11:06:31","date_gmt":"2019-02-04T11:06:31","guid":{"rendered":"http:\/\/itatonline.org\/digest\/housing-development-and-infrastructure-ltd-v-pcit-mum-trib-ur-2\/"},"modified":"2019-02-04T11:06:31","modified_gmt":"2019-02-04T11:06:31","slug":"housing-development-and-infrastructure-ltd-v-pcit-mum-trib-ur-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/housing-development-and-infrastructure-ltd-v-pcit-mum-trib-ur-2\/","title":{"rendered":"Housing Development and Infrastructure Ltd v. PCIT (Mum.) (Trib.)(UR)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that the grounds of revision, were not the subject matter of the reopening done under S. 143(3) r.w.s. 147. Hence, the revision order passed by the PCIT, was barred by limitation.\u00a0 Followed Ashoka Buildcon Ltd v. ACIT\u00a0 (2010) 325 ITR 574 (Bom)\u00a0 (HC), CIT v. ICICI Bank Ltd (2012) 343 ITR 74 Bom) (HC). Revision also quashed on change of opinion and merit.\u00a0 (ITA. No. 3530\/Mum\/2018 \/3531 dt. 10-1-2019 (AY. 2009-10, 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner\u2013Revision of orders prejudicial to revenue\u2013 Debenture redemption reserve- Original Assessment u\/s 143(3)  dt. 30-12-2011\u2013Reassessment u\/s 143(3) r.w.s 147 dt  28-12-2016\u2013Revision order dt. 26-3-2018-Revision is  barred by limitation. [S. 115JB]<\/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":[1],"tags":[],"class_list":["post-3851","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-107","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3851","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=3851"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3851\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}