{"id":59073,"date":"2026-03-25T13:04:45","date_gmt":"2026-03-25T07:34:45","guid":{"rendered":"https:\/\/itatonline.org\/digest\/seahorse-mercantile-company-p-ltd-v-ito-2025-304-taxman-511-sc-editorial-seahorse-mercantile-company-p-ltd-v-ito-2025-172-taxmann-com-699-bomhc\/"},"modified":"2026-03-25T13:04:45","modified_gmt":"2026-03-25T07:34:45","slug":"seahorse-mercantile-company-p-ltd-v-ito-2025-304-taxman-511-sc-editorial-seahorse-mercantile-company-p-ltd-v-ito-2025-172-taxmann-com-699-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/seahorse-mercantile-company-p-ltd-v-ito-2025-304-taxman-511-sc-editorial-seahorse-mercantile-company-p-ltd-v-ito-2025-172-taxmann-com-699-bomhc\/","title":{"rendered":"Seahorse Mercantile Company (P.) Ltd. v. ITO (2025) 304 Taxman 511 (SC) Editorial : Seahorse Mercantile Company (P.) Ltd. v. ITO (2025) 172 taxmann.com 699 (Bom)(HC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong>Assessee had filed its return which was processed and an assessment order was passed.The\u00a0 assessee received reopening notice under section 148.Assessee filed writ petition alleging that notice under section 148 was issued without passing mandatory order under section 148A(d) and objections filed by it had not been disposed.High Court held that in none of replies sent in response to notice under section 148, assessee had even raised this ground of order under section 148A(d) not having been passed.\u00a0 High Court further held\u00a0 that assessee had responded to three notices issued under section 142(1) and a personal hearing was also granted but never was this ground raised.\u00a0 High Court\u00a0 held that since Assessing Officer had passed well detailed order after rebutting assessee&#8217;s contentions, assessee should be directed to adopt alternate remedy of appeal against assessment order.\u00a0 SLP filed by assessee against the\u00a0 order of High Court was dismissed. \u00a0(AY. 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice- Alternative remedy-High Court  held that since Assessing Officer had passed well detailed order after rebutting assessee&#8217;s contentions, assessee should be directed to adopt alternate remedy of appeal against assessment order-SLP filed by assessee against the  order of High Court was dismissed  [S. 143(3), 148, 148A(b), 148A(d), Art. 136] <\/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-59073","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fmN","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59073","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=59073"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59073\/revisions"}],"predecessor-version":[{"id":59074,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59073\/revisions\/59074"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}