{"id":53892,"date":"2025-05-08T16:09:53","date_gmt":"2025-05-08T10:39:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sundip-kumar-gupta-v-dy-cit-2024-231-ttj-113-241-dtr-65-38-nypttj-899-koltrib\/"},"modified":"2025-05-08T16:09:53","modified_gmt":"2025-05-08T10:39:53","slug":"sundip-kumar-gupta-v-dy-cit-2024-231-ttj-113-241-dtr-65-38-nypttj-899-koltrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sundip-kumar-gupta-v-dy-cit-2024-231-ttj-113-241-dtr-65-38-nypttj-899-koltrib\/","title":{"rendered":"Sundip Kumar Gupta v.Dy.CIT (2024) 231 TTJ 113 \/ 241 DTR 65 \/ 38 NYPTTJ 899 (Kol)(Trib)"},"content":{"rendered":"<p>Held that AO having reopened assessee&#8217;s assessment solely on the basis of the report of Investigation Wing which merely created a suspicion that the assessee possibly carried out a transaction of routing unlawful money to convert black money into white money, without correlating the information received from the Investigation Wing with the accounts\/assessment records of the assessee, reopening of assessment is bad in law. On merit the assessee has established the\u00a0 identity and creditworthiness of the creditor.\u00a0 Addition is deleted. <strong>\u00a0<\/strong>(AY. 2010-11, 2012-13, 2014-15,\u00a0 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147: Reassessment-Report of Investigation Wing-No tangible material-Reassessment is bad in law-Cash credits-Identity and creditworthiness is established-Addition is deleted. [S.68  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-53892","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-e1e","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53892","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=53892"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53892\/revisions"}],"predecessor-version":[{"id":53893,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53892\/revisions\/53893"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=53892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=53892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=53892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}