{"id":43033,"date":"2024-05-21T20:11:53","date_gmt":"2024-05-21T14:41:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bharatkumar-dinubhai-patel-v-ito-2024-296-taxman-128-guj-hc\/"},"modified":"2024-05-21T20:11:53","modified_gmt":"2024-05-21T14:41:53","slug":"bharatkumar-dinubhai-patel-v-ito-2024-296-taxman-128-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bharatkumar-dinubhai-patel-v-ito-2024-296-taxman-128-guj-hc\/","title":{"rendered":"Bharatkumar Dinubhai Patel v. ITO (2024) 296 Taxman 128 (Guj.)(HC)"},"content":{"rendered":"<p>During scrutiny assessment, Assessing Officer issued notice raising query with respect to 13 plots sold by assessee.\u00a0 Pursuant to said query, assessee pointed out that copies of development agreements and financial statements reflecting income for said agreements were duly offered to tax. Considering said submissions assessment order was passed.\u00a0 On writ against the reassessment proceedings, the Court held that\u00a0 since specific query in respect of purchase and sale of properties was raised in assessment order, reopening undertaken beyond a period of four years was a change of opinion and same is\u00a0 quashed.\u00a0 (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the expiry of four years-Unexplained investments-Development agreement-Specific query in the course of assessment proceedings-Reassessment notice and order disposing the objection is quashed.[S.69A, 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-43033","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bc5","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43033","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=43033"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43033\/revisions"}],"predecessor-version":[{"id":43034,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43033\/revisions\/43034"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}