{"id":51510,"date":"2025-02-27T11:32:20","date_gmt":"2025-02-27T06:02:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/capitalg-lp-v-acit-2024-341-ctr-1024-165-taxmann-com-718-bomhc\/"},"modified":"2025-02-27T11:32:20","modified_gmt":"2025-02-27T06:02:20","slug":"capitalg-lp-v-acit-2024-341-ctr-1024-165-taxmann-com-718-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/capitalg-lp-v-acit-2024-341-ctr-1024-165-taxmann-com-718-bomhc\/","title":{"rendered":"CapitalG LP v ACIT (2024) 341 CTR 1024 \/ 165 taxmann.com 718 (Bom)(HC)"},"content":{"rendered":"<p>Assessee invested an amount in compulsory convertible preference shares (CCPS) issued by an Indian company. JAO issued \u00a0notices under sections 148A and 148 seeking to reassess assessee&#8217;s income in regard to said investment. On writ the Court held that since \u00a0notice was issued by Jurisdictional Assessing Officer and not under faceless mechanism as per requirement of section 151A, same is\u00a0 \u00a0quashed and set aside.\u00a0 (AY. 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"<p> S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice is  issued by Jurisdictional Assessing Officer and not under faceless mechanism-Notice and order is quashed. [S. 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-51510","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-doO","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51510","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=51510"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51510\/revisions"}],"predecessor-version":[{"id":51511,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51510\/revisions\/51511"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}