{"id":54541,"date":"2025-05-23T09:49:40","date_gmt":"2025-05-23T04:19:40","guid":{"rendered":"https:\/\/itatonline.org\/digest\/madras-race-club-v-dy-cit-2025-233-ttj-383-chennai-trib-2\/"},"modified":"2025-05-23T09:49:40","modified_gmt":"2025-05-23T04:19:40","slug":"madras-race-club-v-dy-cit-2025-233-ttj-383-chennai-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/madras-race-club-v-dy-cit-2025-233-ttj-383-chennai-trib-2\/","title":{"rendered":"Madras Race Club v. Dy.CIT (2025) 233 TTJ 383 (Chennai) ( Trib)"},"content":{"rendered":"<p>Assessee runs race club and claimed losses that was partly allowed by CIT(A). On reopening u\/s 147, the same issue was considered by CIT(A) again and this time he confirmed the addition. On appeal, the Tribunal held that the AO had no fresh tangible material but based the reopening on the material available in the assessment records which was also taken up to the CIT(A). Reassessment is not valid . <strong>(<\/strong>AY 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 :  Reassessment \u2013 CIT(A) partly allowed the claim against losses \u2013 reopening of assessment on same issue \u2013 CIT(A) allowed the reopening \u2013 Held, reopening not valid as no fresh material on record.  [ S. 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-54541","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ebH","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54541","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=54541"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54541\/revisions"}],"predecessor-version":[{"id":54542,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54541\/revisions\/54542"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}