{"id":42768,"date":"2024-05-16T15:35:54","date_gmt":"2024-05-16T10:05:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-optima-era-infra-joint-venture-2023-331-ctr-702-702-221-dtr-486allhc\/"},"modified":"2024-05-16T15:35:54","modified_gmt":"2024-05-16T10:05:54","slug":"dy-cit-v-optima-era-infra-joint-venture-2023-331-ctr-702-702-221-dtr-486allhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-optima-era-infra-joint-venture-2023-331-ctr-702-702-221-dtr-486allhc\/","title":{"rendered":"Dy. CIT v. Optima Era Infra Joint Venture (2023) 331 CTR 702 702\/221 DTR 486(All)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Court held that, the assessment without any relevant material on record, cannot be made within the scope of sub-s. (3) of s. 143. Best judgment assessment made by the AO while exercising power under s. 143(3) is in contravention of the provisions of the IT Act. No substantial question of law.(AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 143(3): Assessment-Disallowance of 20%  of gross expenses-Tribunal deleting the addition-Order of Tribunal is affirmed. [S. 143(2) 144, 260A] <\/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-42768","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-b7O","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42768","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=42768"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42768\/revisions"}],"predecessor-version":[{"id":42769,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42768\/revisions\/42769"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=42768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=42768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=42768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}