{"id":38631,"date":"2024-02-01T11:21:51","date_gmt":"2024-02-01T05:51:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-marwadi-shares-finance-ltd-2023-294-taxman-600-sc-editorial-marwadi-shares-finance-ltd-v-dy-cit-2018-407-itr-49-94-taxmann-com-398-gujhc\/"},"modified":"2024-02-01T11:21:51","modified_gmt":"2024-02-01T05:51:51","slug":"dy-cit-v-marwadi-shares-finance-ltd-2023-294-taxman-600-sc-editorial-marwadi-shares-finance-ltd-v-dy-cit-2018-407-itr-49-94-taxmann-com-398-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-marwadi-shares-finance-ltd-2023-294-taxman-600-sc-editorial-marwadi-shares-finance-ltd-v-dy-cit-2018-407-itr-49-94-taxmann-com-398-gujhc\/","title":{"rendered":"Dy. CIT v. Marwadi Shares &#038; Finance Ltd. (2023) 294 Taxman 600 (SC) Editorial: Marwadi Shares &#038; Finance Ltd v. Dy.CIT (2018) 407 ITR 49\/ 94 taxmann.com 398 (Guj)(HC)"},"content":{"rendered":"<p>Allowing the petition the High Court held that a notice of reopening which is once issued would remain in operation unless it is specifically withdrawn, quashed or gets time barred.\u00a0 High Court also held that where first notice of reopening of assessment was not withdrawn, it was not permissible in law to issue fresh notice of reopening.\u00a0 SLP of Revenue is dismissed, in view\u00a0 of CBDT Circular No. 17\/2019 dated 8-8-2019 amount of tax involved was low. \u00a0(AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148 : Reassessment-Notice-Reassessment notice issued  would remain in operation unless it is specifically withdrawn, quashed or gets time barred-SLP of Revenue is dismissed as the amount of tax in dispute is low.  [S. 147.] <\/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-38631","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a35","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38631","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=38631"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38631\/revisions"}],"predecessor-version":[{"id":38632,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38631\/revisions\/38632"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}