{"id":47623,"date":"2024-11-07T17:06:14","date_gmt":"2024-11-07T11:36:14","guid":{"rendered":"https:\/\/itatonline.org\/digest\/poonam-builders-v-acit-2024466-itr-186-162-taxmann-com-238-bomhc\/"},"modified":"2025-05-12T13:54:34","modified_gmt":"2025-05-12T08:24:34","slug":"poonam-builders-v-acit-2024466-itr-186-162-taxmann-com-238-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/poonam-builders-v-acit-2024466-itr-186-162-taxmann-com-238-bomhc\/","title":{"rendered":"Poonam Builders v. ACIT (2024)466 ITR 186\/162 taxmann.com 238 \/(2025) 342 CTR 254(Bom)(HC)"},"content":{"rendered":"<p>Held, that the escapement of income due to claim of deduction under section\u00a080-IB(10)\u00a0of the Act of Rs. 4,47,30,649 was admittedly the subject matter of appeal and therefore, on this income reassessment was not permissible. The Revenue could initiate reassessment proceedings subject to fulfilment of the conditions mentioned in section 147\/148 of the Act, i.e., so long as it is not hit by the third proviso to section 147 of the Act. The notice for reassessment was not valid. Section\u00a0147\u00a0of the\u00a0Income-tax Act, 1961, deals with situations where income has escaped assessment. The section provides for a clear bar that where an income, which is subject matter of any appeal reassessment of such income is not permissible. (AY.2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 :  Reassessment-Effect of  third proviso to Section 147-Income which was the subject matter of  appeal-Notice Of Reassessment In Respect Of Such Income Not Valid. [S.80IB(10),  148, 250, 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-47623","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-co7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47623","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=47623"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47623\/revisions"}],"predecessor-version":[{"id":54038,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47623\/revisions\/54038"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}