{"id":38655,"date":"2024-02-01T11:37:13","date_gmt":"2024-02-01T06:07:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/movish-realtech-p-ltd-v-dy-cit-2023-294-taxman-353-delhihc\/"},"modified":"2024-02-25T18:30:30","modified_gmt":"2024-02-25T13:00:30","slug":"movish-realtech-p-ltd-v-dy-cit-2023-294-taxman-353-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/movish-realtech-p-ltd-v-dy-cit-2023-294-taxman-353-delhihc\/","title":{"rendered":"Movish Realtech (P.) Ltd. v. Dy. CIT (2023) 294 Taxman 353\/(2024) 460 ITR 334 (Delhi)(HC)"},"content":{"rendered":"<p>The Assessing Officer issued notice under section 148 and initiated reassessment proceedings against assessee\u00a0 on the ground that the assessee was a beneficiary of an accommodation entry provided in form of bogus loans.\u00a0 The assessee challenged the proceedings by filing writ petition. Allowing the petition the Court held\u00a0 that since search and seizure action under section 132 was not carried out against assessee such action was carried out against a third party\u00a0 and the\u00a0 assessee was not given opportunity of hearing. Accordingly the order passed under section 148A(d) and consequential notice issued under section 148\u00a0 was also quashed and set aside. (AY. 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Cash credits-No opportunity of hearing was given-Order and reassessment notice was quashed and set aside.[S. 68, 148, 148A(b), 148A(d), 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-38655","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a3t","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38655","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=38655"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38655\/revisions"}],"predecessor-version":[{"id":39653,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38655\/revisions\/39653"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}