{"id":51506,"date":"2025-02-27T11:31:13","date_gmt":"2025-02-27T06:01:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/t-k-s-builders-p-ltd-v-ito-2024-167-taxmann-com-759-469-itr-657-341-ctr-465-243-dtr-305-8-nypctr-1426-delhihc\/"},"modified":"2025-02-27T11:31:13","modified_gmt":"2025-02-27T06:01:13","slug":"t-k-s-builders-p-ltd-v-ito-2024-167-taxmann-com-759-469-itr-657-341-ctr-465-243-dtr-305-8-nypctr-1426-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/t-k-s-builders-p-ltd-v-ito-2024-167-taxmann-com-759-469-itr-657-341-ctr-465-243-dtr-305-8-nypctr-1426-delhihc\/","title":{"rendered":"T.K.S. Builders (P) Ltd. v. ITO (2024) 167 taxmann.com 759\/ 469 ITR 657 \/ 341 CTR 465 \/ 243 DTR 305 \/ 8 NYPCTR 1426 (Delhi)(HC)"},"content":{"rendered":"<p>Notice for reassessment is issued by Jurisdictional Assessing Officer. On writ the Court\u00a0 dismissing the petition the Court held that\u00a0 Section 144B is primarily procedural and is principally concerned with prescribing manner in which a faceless assessment may be conducted as opposed to constituting a source of power to assess or reassess in itself.\u00a0 Section 144B cannot be viewed as exclusive basis for all assessment and reassessment procedures. Faceless assessment scheme centralizes processes under Faceless Assessing Officer (FAO) to reduce direct interaction, however, this structure does not diminish JAO&#8217;s authority, therefore, JAO&#8217;s powers should be understood as integral and not in conflict with faceless assessment. \u00a0Accordingly\u00a0 Jurisdictional Assessing Officer (JAO) cannot be completely deprived of power to assess or reassess merely because section 144B and Faceless Reassessment Scheme 2022 have been introduced.\u00a0 Reassessment notice is held to be valid.\u00a0 Hexaware Technologies Ltd.\u00a0v.\u00a0Asstt. CIT (2024) 162 taxxmann.com 225 \/ 464 ITR 430 (Bom)(HC) distinguished., Talati and Talati LLP\u00a0v.\u00a0Asstt. CIT (2024) 301 Taxman 321 (Guj) (HC), followed. \u00a0<em>(<\/em>AY.2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice issued by jurisdictional AO and not as per S.  151A-Section 144B cannot be viewed as exclusive basis for all assessment and reassessment procedures and Jurisdictional Assessing Officer (JAO) cannot be completely deprived of power to assess or reassess merely because section 144B and Faceless Reassessment Scheme 2022 have been introduced-Interpretation Of Statutes-Legislative intent-Principles of beneficial construction. [S. 144B  148, 148A(b), 148A(d), 151A, 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-51506","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-doK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51506","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=51506"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51506\/revisions"}],"predecessor-version":[{"id":51507,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51506\/revisions\/51507"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}