{"id":55986,"date":"2025-08-16T10:36:32","date_gmt":"2025-08-16T05:06:32","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-amit-jain-2025-303-taxman-163-sc-editorial-ganesh-dass-khanna-v-ito-2023-156-taxmann-com-417-460-itr-546-delhihc\/"},"modified":"2025-08-16T10:36:32","modified_gmt":"2025-08-16T05:06:32","slug":"acit-v-amit-jain-2025-303-taxman-163-sc-editorial-ganesh-dass-khanna-v-ito-2023-156-taxmann-com-417-460-itr-546-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-amit-jain-2025-303-taxman-163-sc-editorial-ganesh-dass-khanna-v-ito-2023-156-taxmann-com-417-460-itr-546-delhihc\/","title":{"rendered":"ACIT v. Amit Jain (2025) 303 Taxman 163 (SC) Editorial: Ganesh Dass Khanna v. ITO (2023) 156 taxmann.com 417 \/ 460 ITR 546 (Delhi)(HC)"},"content":{"rendered":"<p>Notices under unamended section 148 dated 28-06-2021 (AY 2017-18) and 30-06-2021 (AY 2016-17) were issued, later followed by section 148A(b) notice dated 20-05-2022 after the Supreme Court\u2019s Ashish UOI v. Agarwal (2022) 286 Taxman 183\/444 ITR 1 (SC).\u00a0 The High Court held the reassessment barred by limitation as escaped income was below Rs. 50 lakhs and the three-year limit under section 149(1)(a) had expired. On SLP, the Supreme Court disposed of the matter in terms of its ruling in UOI v. Rajeev Bansal (2024) 301 Taxman 238\/ 469 ITR 46 (SC).\u00a0 (AY. 2016-17,\u00a0 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 149 : Reassessment-Time limit for notice-Income escaped less than Rs. 50 lakhs-Notice issued after three years-Barred by limitation-SLP disposed in terms of UOI v. Rajeev Bansal(2024) 301 Taxman 238\/ 469 ITR 46 (SC).[S. 148, 148A(b), 149(1)(a), Art. 136, 142]<\/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-55986","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ez0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55986","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=55986"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55986\/revisions"}],"predecessor-version":[{"id":55987,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55986\/revisions\/55987"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=55986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=55986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=55986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}