{"id":38699,"date":"2024-02-01T13:08:19","date_gmt":"2024-02-01T07:38:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-u-k-paints-overseas-ltd-2023454-itr-441-294-taxman-72-334-ctr-217-sc-editorial-from-the-judgement-of-delhi-high-court-arn-infrastructure-ltd-v-acit-2017-delhihc-bjn-hol\/"},"modified":"2024-02-01T13:08:19","modified_gmt":"2024-02-01T07:38:19","slug":"dy-cit-v-u-k-paints-overseas-ltd-2023454-itr-441-294-taxman-72-334-ctr-217-sc-editorial-from-the-judgement-of-delhi-high-court-arn-infrastructure-ltd-v-acit-2017-delhihc-bjn-hol","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-u-k-paints-overseas-ltd-2023454-itr-441-294-taxman-72-334-ctr-217-sc-editorial-from-the-judgement-of-delhi-high-court-arn-infrastructure-ltd-v-acit-2017-delhihc-bjn-hol\/","title":{"rendered":"Dy. CIT v. U. K. Paints (Overseas) Ltd. (2023)454 ITR 441\/ 294 Taxman 72 \/ 334 CTR 217 (SC) Editorial : From the Judgement of Delhi High Court, ARN Infrastructure Ltd v.ACIT (2017) Delhi)(HC), BJN Holdings lTD v. Dy.CIT (2020) 15 ITR-OL 408 (Delhi)(HC), PCIT v. Ankush Salija (2019) 419 ITR 431 (Delhi)(HC), ITA No. 904 pf 2017 dt 30-10-2017, ITA No. 73 of 2017 dt. 6-3-2019 (Bom)(HC), ITA No. 1252 &#038; 1251 of 2016 dt. 4-1-2019 (Bom)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Court held that\u00a0\u00a0 the assessment in the case of each of the assessees was made under section\u00a0153C\u00a0of the Act, and in none of the cases was any incriminating material found during the search either from the assessee or from a third party. Order of High Court is affirmed. Court also held that the\u00a0\u00a0 Department at\u00a0 liberty to initiate reassessment proceedings in accordance with law.\u00a0 Relied on\u00a0 PCIT v. Abbhisar Buildwell P. Ltd\u00a0\u00a0 (2023)\u00a0 454 ITR 212 (SC))\u00a0 (AY. 2002-03, 2005-06, 2006-07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153C : Assessment-Income of any other person-Search-No incriminating material is found-Deletion of addition is justified-Department at  liberty to initiate reassessment proceedings in accordance with law.[S. 132, 147, 148]  <\/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-38699","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a4b","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38699","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=38699"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38699\/revisions"}],"predecessor-version":[{"id":38700,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38699\/revisions\/38700"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}