Allowing the petition the Court held that the demand notice issued under section\u00a0156\u00a0was contrary to the assessment order under section\u00a0144B\u00a0read with section\u00a0147\u00a0and hence not sustainable. The Faceless Assessment Unit, after taking into consideration all aspects, including the explanation given by the assessee had concluded that no adverse inference could be drawn and had accordingly accepted the income declared in the return at rupees zero. No demand on the basis thereof could have been raised. Therefore, the notice under section\u00a0156\u00a0had been issued mechanically without considering the assessment order. The purported computation sheet appended to the demand notice was also contrary to the assessment order. The notice of demand issued under section\u00a0156\u00a0is\u00a0 quashed.(AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 147 : Reassessment-Assessment order-Notice of demand issued towards differential amount of tax payable inclusive of interest-Demand notice contrary to Assessment order and therefore, unsustainable and quashed [S.144B, 148, 156, 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-48586","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cDE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48586","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=48586"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48586\/revisions"}],"predecessor-version":[{"id":48587,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48586\/revisions\/48587"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}