{"id":51412,"date":"2025-02-24T17:10:51","date_gmt":"2025-02-24T11:40:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-jayantibhai-s-patel-2024113-itr-68-sn-ahd-trib\/"},"modified":"2025-02-24T17:10:51","modified_gmt":"2025-02-24T11:40:51","slug":"dy-cit-v-jayantibhai-s-patel-2024113-itr-68-sn-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-jayantibhai-s-patel-2024113-itr-68-sn-ahd-trib\/","title":{"rendered":"Dy. CIT v. Jayantibhai S. Patel (2024)113 ITR 68 (SN) (Ahd) (Trib)"},"content":{"rendered":"<p>Held that there is\u00a0 no requirement to declare any deemed dividend under section\u00a02(22)(e)\u00a0of the Act in the return or in the tax audit report for this year. These requirements were introduced in the Income-tax return form and in the tax audit report much later. Under the circumstances, the assessee could not be charged with any failure to disclose fully or truly all material facts. Reassessment is quashed. (AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment-After the expiry of four years-Additional ground-No failure to disclose material facts-Deemed dividend-Current transactions-Accumulated profits-Closing credit balance to be verified-Reassessment is bad in law. [S. 2(22)(e), ITAT R. 27] <\/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-51412","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dne","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51412","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=51412"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51412\/revisions"}],"predecessor-version":[{"id":51413,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51412\/revisions\/51413"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}