{"id":39976,"date":"2024-03-16T13:05:48","date_gmt":"2024-03-16T07:35:48","guid":{"rendered":"https:\/\/itatonline.org\/digest\/aim-fincon-pvt-ltd-v-acit-2023457-itr-737-gujhc\/"},"modified":"2024-12-30T13:54:27","modified_gmt":"2024-12-30T08:24:27","slug":"aim-fincon-pvt-ltd-v-acit-2023457-itr-737-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/aim-fincon-pvt-ltd-v-acit-2023457-itr-737-gujhc\/","title":{"rendered":"AIM Fincon Pvt. Ltd. v. ACIT (2023)457 ITR 737 (Guj)(HC). Editorial : Asst. CIT v. AIM  Fincon Pvt. Ltd. (2024)468 ITR 110 (SC),  SLP of Revenue is dismissed  as the delay of 429 days in filing SLP  are   neither satisfactory nor sufficient ."},"content":{"rendered":"<p>Allowing the petition the court held that\u00a0 the \u00a0assessee had addressed letter dated October 8, 2014 to the officer in the course of assessment proceedings pointing out in clear terms that certain shares were sold.\u00a0 The Department already had with it the information on that count. If the officer was not satisfied with the explanation furnished by the assessee, at that stage, he could have exercised powers to make addition but he did not choose to do anything on such count. Therefore, the action of the Assessing Officer was in the nature of change of opinion only. The notice of reassessment was not valid. (AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Change of opinion-Notice and order disposing the objection is quashed.[S. 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-39976","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aoM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39976","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=39976"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39976\/revisions"}],"predecessor-version":[{"id":49480,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39976\/revisions\/49480"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}