{"id":38621,"date":"2024-02-01T11:18:56","date_gmt":"2024-02-01T05:48:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/hewlett-packard-financial-services-india-v-dcit-2023-294-taxman-25-karnhc\/"},"modified":"2024-02-01T11:18:56","modified_gmt":"2024-02-01T05:48:56","slug":"hewlett-packard-financial-services-india-v-dcit-2023-294-taxman-25-karnhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hewlett-packard-financial-services-india-v-dcit-2023-294-taxman-25-karnhc\/","title":{"rendered":"Hewlett Packard Financial Services (India) v. DCIT (2023) 294 taxman 25 (Karn)(HC)"},"content":{"rendered":"<p>The Court held that the procedure laid down in the GKN Driveshafts (India) Ltd. v. ITO [2002] 259 ITR 19 (SC) is to be strictly followed. Therefore, the reasons has to be furnished within reasonable time and the objections raised, if any, has to be disposed-off by the AO by passing a speaking order.\u00a0 In the present case, the AO didn\u2019t dispose of the objections raised by the assessee. Hence, the order passed u\/s 143(3) r.w.s 147 was set aside. Referred\u00a0 Deepak Extrusions (P) Ltd v. Dy. CIT\u00a0 (2017) 80 taxmann.com 77 (Karn)(HC), ACIT v. Mphasis Ltd, WP No. 919 of 2019 (T-IT) dt. 24-1-2023)(Karn)(HC) (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the expiry of four years-Order passed  without disposing off objection raised by passing a speaking order-Assessment order  and notice is  set aside. [S.  143(3), 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-38621","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a2V","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38621","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=38621"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38621\/revisions"}],"predecessor-version":[{"id":38622,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38621\/revisions\/38622"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}