{"id":59597,"date":"2026-04-17T12:22:00","date_gmt":"2026-04-17T06:52:00","guid":{"rendered":"https:\/\/itatonline.org\/digest\/revathi-equipment-ltd-v-acit-2025-306-taxman-72-mad-hc\/"},"modified":"2026-04-17T12:22:00","modified_gmt":"2026-04-17T06:52:00","slug":"revathi-equipment-ltd-v-acit-2025-306-taxman-72-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/revathi-equipment-ltd-v-acit-2025-306-taxman-72-mad-hc\/","title":{"rendered":"Revathi Equipment Ltd. v. ACIT (2025) 306 Taxman 72 (Mad.)(HC)"},"content":{"rendered":"<p>Allowing the petition the Court held that\u00a0 there was\u00a0<strong>no failure on the part of the assessee to disclose fully and truly all material facts<\/strong><strong>, a<\/strong>s all relevant details and agreements had been placed on record during the original assessment proceedings. The reopening was thus held to be based on a\u00a0<strong>mere change of opinion<\/strong>, which is impermissible. Accordingly, the reassessment proceedings were\u00a0<strong>quashed and set aside<\/strong><strong>. <\/strong>(AY. 2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the expiry of four years-Non-compete Fee-Revenue expenditure-Change of opinion-Full disclosure of facts-Reassessment notice and order disposing the objection was quashed.[S. 37(1), 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-59597","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fvf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59597","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=59597"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59597\/revisions"}],"predecessor-version":[{"id":59598,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59597\/revisions\/59598"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}