{"id":56701,"date":"2025-09-20T10:49:38","date_gmt":"2025-09-20T05:19:38","guid":{"rendered":"https:\/\/itatonline.org\/digest\/diamond-and-gem-development-corporation-ltd-v-acit-2023-155-taxmann-com-239-bomhc\/"},"modified":"2025-09-20T10:49:38","modified_gmt":"2025-09-20T05:19:38","slug":"diamond-and-gem-development-corporation-ltd-v-acit-2023-155-taxmann-com-239-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/diamond-and-gem-development-corporation-ltd-v-acit-2023-155-taxmann-com-239-bomhc\/","title":{"rendered":"Diamond and Gem Development Corporation Ltd. v. ACIT [2023] 155 taxmann.com 239 (Bom)(HC)"},"content":{"rendered":"<p>Allowing the petition the Court held that where assessee established Diamond Industrial Park in SEZ and claimed deduction u\/s 80-IA, AO having raised queries in original assessment could not reopen on same issue. Reopening was held to be mere change of opinion and unsustainable. [AY. 2013-14]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment   Infrastructure undertaking-Change of opinion-Query was raised in original assessment proceedings-Reassessment notice and order disposing the objection was quashed. [S.80IA(4)(iii),  148, 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-56701","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-eKx","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56701","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=56701"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56701\/revisions"}],"predecessor-version":[{"id":56702,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56701\/revisions\/56702"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=56701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=56701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=56701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}