{"id":58029,"date":"2026-01-08T12:44:39","date_gmt":"2026-01-08T07:14:39","guid":{"rendered":"https:\/\/itatonline.org\/digest\/neo-sannyas-foundation-v-ito-e-2022-140-taxmann-com-481-bom-hc\/"},"modified":"2026-01-08T12:44:39","modified_gmt":"2026-01-08T07:14:39","slug":"neo-sannyas-foundation-v-ito-e-2022-140-taxmann-com-481-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/neo-sannyas-foundation-v-ito-e-2022-140-taxmann-com-481-bom-hc\/","title":{"rendered":"Neo Sannyas Foundation v. ITO (E) [2022] 140 taxmann.com 481 (Bom.) (HC)"},"content":{"rendered":"<p>The High Court quashed a notice for reassessment issued under section 148, observing that the entire basis for the reasons recorded had collapsed. The court noted that the reopening was founded upon a Tax Evasion Petition which, according to the Revenue&#8217;s own admission, had already been closed. Further, the other information relied upon was stated to be general in nature, devoid of merit, and non-actionable. Since the very foundation for the reassessment was non-existent, the court held the initiation of proceedings to be invalid and accordingly quashed the notice and the related order disposing of the assessee&#8217;s objections.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148 : Reassessment-Notice-Notice based on a closed tax evasion petition and non-actionable information is invalid.[S. 147,  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-58029","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-f5X","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58029","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=58029"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58029\/revisions"}],"predecessor-version":[{"id":58030,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58029\/revisions\/58030"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}