{"id":52310,"date":"2025-03-24T12:37:24","date_gmt":"2025-03-24T07:07:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/shankar-logistics-p-ltd-v-dy-cit-2024-115-itr-10-snkoltrib\/"},"modified":"2025-03-24T12:37:24","modified_gmt":"2025-03-24T07:07:24","slug":"shankar-logistics-p-ltd-v-dy-cit-2024-115-itr-10-snkoltrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shankar-logistics-p-ltd-v-dy-cit-2024-115-itr-10-snkoltrib\/","title":{"rendered":"Shankar Logistics P. Ltd. v. Dy. CIT (2024) 115 ITR 10 (SN)(Kol)(Trib)"},"content":{"rendered":"<p>Held that the Assessing Officer cannot reopen the assessment merely on the basis of information from investigation wing\u00a0 without correlating it with the facts of the case. There was no allegation that the assessee\u2019s escaped assessment is\u00a0 due to non-disclosure of the facts necessary for the assessment and since the assessment had been reopened four years after the end of the relevant assessment year. Reassessment\u00a0 is quashed. (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147:  Reassessment-After the expiry of four years-Information from investigation wing-Accommodation entry-Reassessment is invalid. [S. 133(6), 148] <\/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-52310","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dBI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52310","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=52310"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52310\/revisions"}],"predecessor-version":[{"id":52311,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52310\/revisions\/52311"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}