{"id":43748,"date":"2024-06-14T17:15:14","date_gmt":"2024-06-14T11:45:14","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bikash-dev-v-dy-cit-2023102-itr-701-cuttack-trib\/"},"modified":"2024-06-14T17:15:14","modified_gmt":"2024-06-14T11:45:14","slug":"bikash-dev-v-dy-cit-2023102-itr-701-cuttack-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bikash-dev-v-dy-cit-2023102-itr-701-cuttack-trib\/","title":{"rendered":"Bikash Dev v. Dy. CIT (2023)102 ITR 701 (Cuttack) (Trib)"},"content":{"rendered":"<p><strong>\u00a0<\/strong>Held, that the\u00a0 very foundation of the reasons recorded did not exist when the reasons were recorded. As the reasons did not quantify even an estimated amount of the alleged income which had escaped assessment and as the reasons recorded did not contain any live link to the alleged illegal mining, the reasons were invalid and were nothing but a fishing enquiry. Consequently, the notice issued under section\u00a0148\u00a0of the Act for the purpose of reopening was quashed. The assessments were, accordingly, quashed. (AY.2009-10, 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148: Reassessment-Notice-Fishing enquiry-Recorded reasons are identical with information received-Foundation of  reasons not existing when reasons recorded-Recorded reasons invalid-Assessments are quashed. [S. 147] <\/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-43748","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bnC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43748","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=43748"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43748\/revisions"}],"predecessor-version":[{"id":43749,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43748\/revisions\/43749"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}