{"id":38956,"date":"2024-02-02T15:53:03","date_gmt":"2024-02-02T10:23:03","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-industrial-development-bank-of-india-ltd-2023454-itr-811-333-ctr-570-sc-editorial-cit-v-industrial-development-bank-of-india-ltdbomhc-ita-l-no-2115-of-2007-dt-7-5-2009-affirm\/"},"modified":"2024-02-02T15:53:03","modified_gmt":"2024-02-02T10:23:03","slug":"cit-v-industrial-development-bank-of-india-ltd-2023454-itr-811-333-ctr-570-sc-editorial-cit-v-industrial-development-bank-of-india-ltdbomhc-ita-l-no-2115-of-2007-dt-7-5-2009-affirm","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-industrial-development-bank-of-india-ltd-2023454-itr-811-333-ctr-570-sc-editorial-cit-v-industrial-development-bank-of-india-ltdbomhc-ita-l-no-2115-of-2007-dt-7-5-2009-affirm\/","title":{"rendered":"CIT v. Industrial Development Bank of India Ltd. (2023)454 ITR 811\/333 CTR 570 (SC) Editorial: CIT v. Industrial Development Bank of India Ltd(Bom)(HC) (ITA (L) No. 2115 of 2007 dt. 7-5 2009 ), affirmed."},"content":{"rendered":"<p>Held \u00a0dismissing the appeal, the Court held that\u00a0\u00a0 the Commissioner had exercised powers under section\u00a0263\u00a0of the Act with respect to issues which were not covered in the reassessment proceedings. Therefore, the issues before the Commissioner while exercising the powers under section\u00a0263\u00a0of the Act related back to the original assessment order and, therefore, the limitation would start from the original assessment order and not from the reassessment order. Followed, CIT v. Alagendran Finance Ltd\u00a0 (2007) 293 ITR 1 (SC)\/ (2007) 7 SCC 215 \u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limitation-Issues not covered in reassessment proceedings-Limitation to be reckoned from date of  original assessment and not of  reassessment. [S. 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-38956","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a8k","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38956","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=38956"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38956\/revisions"}],"predecessor-version":[{"id":38957,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38956\/revisions\/38957"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}