The Assessing Officer’s reasons for reopening referred solely to the failure to digitally file the audit report in Form 10CCB. Failure to digitally upload a form, when the audit report had in fact been furnished and was available for scrutiny, could not be equated with failure to make a full and true disclosure under section 147; therefore, reassessment notices dated March 26, 2019, and subsequent reassessment proceedings for AYs 2013\u201314 and 2014\u201315 were invalid. PCIT v. Wipro Ltd. (2022) 466 ITR 1 (SC), distinguished; CIT v. G.M. Knitting Industries Pvt. Ltd. (2015) 376 ITR 456 (SC), applied.(AY. 2013\u201314, 2014\u201315)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 147 : Reassessment-After the expiry of four years-Failed to electronically upload Form 10CCB along with return of income within the timeframe prescribed under section 139-Reassessment notice and order disposing the objection were quashed and set aside. [S. 80IA(7), 139, 148, Form 10CCB, R.12, 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-56884","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-eNu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56884","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=56884"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56884\/revisions"}],"predecessor-version":[{"id":56885,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56884\/revisions\/56885"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=56884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=56884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=56884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}