{"id":4191,"date":"2019-03-05T06:56:36","date_gmt":"2019-03-05T06:56:36","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-n-r-portfolio-delhihc-www-itatonline-org\/"},"modified":"2019-11-01T10:04:02","modified_gmt":"2019-11-01T10:04:02","slug":"pcit-v-n-r-portfolio-delhihc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-n-r-portfolio-delhihc-www-itatonline-org\/","title":{"rendered":"PCIT v. N. R. Portfolio (P) Ltd  ( 2019) 262 Taxman 31 \/ 176 DTR 250 \/ 308 CTR 167  (Delhi)(HC)  www.itatonline.org Editorial: SLP of assessee is dismissed  N. R. Portfolio ( P) Ltd v .PCIT ( 2019) 265 Taxman 559 (SC)"},"content":{"rendered":"<p><strong>Allowing the petition of the revenue, the Court held that, the conduct of the assessee was speculative. It is not an uninformed litigant. It calculatedly chose not to question the rejection of its cross objection. Instead, waiting for the time till the two members who decided the first ITAT orders were not available and choosing to prefer the rectification application at a convenient time, the assessee no doubt technically was compliant, but stood exposed to the odium of forum shopping. Appellate Tribunal\u2019s \u00a0MA order reversed with costs of Rs. 1.5 Lakh imposed on the assessee.<\/strong> ( W.P.(C) 10846\/2016,dt. 14.02.2019.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 254(2) : Appellate Tribunal-Rectification of mistake apparent from the record \u2013 Exposed to the odium of forum shopping- Order of Appellate  Tribunal is reversed and cost of Rs.1.5 lakh is imposed on the assessee. [ S.68, 154 ]<\/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":[1],"tags":[],"class_list":["post-4191","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-15B","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4191","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=4191"}],"version-history":[{"count":4,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4191\/revisions"}],"predecessor-version":[{"id":7959,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4191\/revisions\/7959"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}