{"id":4716,"date":"2019-04-04T12:08:00","date_gmt":"2019-04-04T12:08:00","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-parrisons-roller-flour-mills-pvt-ltd-2018-168-dtr-369-ker-hc\/"},"modified":"2019-12-20T07:40:38","modified_gmt":"2019-12-20T07:40:38","slug":"cit-v-parrisons-roller-flour-mills-pvt-ltd-2018-168-dtr-369-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-parrisons-roller-flour-mills-pvt-ltd-2018-168-dtr-369-ker-hc\/","title":{"rendered":"CIT v. Parrisons Roller Flour Mills Pvt. Ltd. (2018) 168 DTR 369\/ 310 CTR 604 (Ker.)(HC)"},"content":{"rendered":"<p>Allowing the appeal of the revenue the Court held that<em>,\u00a0reassessment was made on basis of report of ITO who pointed out that six dealers to whom payments had been made were bogus. Opinion formed for purpose of disallowance to extent of 20% was on incorrect facts and there was no infirmity in re-assessment proceedings. There was acquisition of fresh information, specific in nature and reliable in character relating to concluded assessment in assessee\u2019s case. Income Tax Officer having jurisdiction over area in which certain dealers to whom assessee had made payments were situated made enquiries and found that they were non-existent\u2014Non-disclosure\u00a0germane to facts was that six dealers were bogus and in regular assessment, no such question raised or enquiry conducted. There was no reason for first appellate authority or Tribunal to interfere with findings of AO.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment\u2013Disallowance of 20% expenditure\u2013Bogus dealers- Reassessment is held to be valid. [S. 40A(3), 148]<\/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-4716","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1e4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4716","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=4716"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4716\/revisions"}],"predecessor-version":[{"id":8744,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4716\/revisions\/8744"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}