{"id":46765,"date":"2024-09-22T23:33:51","date_gmt":"2024-09-22T18:03:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-gopal-sharma-2024-298-taxman-49-cal-hc\/"},"modified":"2024-09-22T23:33:51","modified_gmt":"2024-09-22T18:03:51","slug":"cit-v-gopal-sharma-2024-298-taxman-49-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-gopal-sharma-2024-298-taxman-49-cal-hc\/","title":{"rendered":"CIT v. Gopal Sharma (2024) 298 Taxman 49 (Cal.)(HC)"},"content":{"rendered":"<p>Assessing Officer completed assessment of assessee under section 143(3). Commissioner revised the order and\u00a0 directed Assessing Officer to make necessary investigation in respect of understatement in closing sock, secured loan and commission and pass order in accordance with law.\u00a0 Tribunal held that\u00a0\u00a0 the\u00a0 Assessing Officer after perusal of documents, stock register, etc. completed assessment and Commissioner while exercising power under section 263 had not recorded a specific finding that it was a case of no enquiry by Assessing Officer. Accordingly, allowed appeal of assessee. High Court affirmed the order of the Tribunal.\u00a0 \u00a0(AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Method of accounting-Closing stock-Not recorded a specific finding that it was a case of no enquiry by Assessing Officer-Order of Tribunal quashing the revision order is affirmed.[S.145(3), 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-46765","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cah","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46765","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=46765"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46765\/revisions"}],"predecessor-version":[{"id":46766,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46765\/revisions\/46766"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=46765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=46765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=46765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}