{"id":54969,"date":"2025-06-17T10:22:27","date_gmt":"2025-06-17T04:52:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sete-mares-global-forex-p-ltd-v-uoi-2024-167-taxman-com-89-2025-473-itr-667-bomhc\/"},"modified":"2025-06-17T10:22:27","modified_gmt":"2025-06-17T04:52:27","slug":"sete-mares-global-forex-p-ltd-v-uoi-2024-167-taxman-com-89-2025-473-itr-667-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sete-mares-global-forex-p-ltd-v-uoi-2024-167-taxman-com-89-2025-473-itr-667-bomhc\/","title":{"rendered":"Sete Mares Global Forex (P.) Ltd. v. UOI (2024) 167 taxman.com 89 \/ (2025) 473 ITR 667 (Bom)(HC)"},"content":{"rendered":"<p>Allowing the petition the Court held that since assessee had made full and true disclosure of material facts at time of original assessment, reassessment was unsustainable. Review of completed assessment in grab of reopening of\u00a0 assessment is not allowed<strong>. <\/strong>\u00a0(AY. 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Cash deposit-Cash credit-Review of completed assessment in grab of reopening of  assessment is not allowed.[S. 68, 143(3), 148,  148A(b), 148A(d), 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-54969","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-eiB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54969","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=54969"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54969\/revisions"}],"predecessor-version":[{"id":54970,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54969\/revisions\/54970"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}