{"id":59932,"date":"2026-05-20T11:38:08","date_gmt":"2026-05-20T06:08:08","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lokhandwala-construction-industries-pvt-ltd-v-dcit-mum-trib-www-itatonline-org\/"},"modified":"2026-05-20T11:38:08","modified_gmt":"2026-05-20T06:08:08","slug":"lokhandwala-construction-industries-pvt-ltd-v-dcit-mum-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lokhandwala-construction-industries-pvt-ltd-v-dcit-mum-trib-www-itatonline-org\/","title":{"rendered":"Lokhandwala Construction Industries Pvt. Ltd. v. DCIT (Mum.)(Trib.) www.itatonline.org ."},"content":{"rendered":"<div>\n<p class=\"p2\"><b>\u00a0<\/b><\/p>\n<\/div>\n<div>\n<p class=\"p2\">The assessee, engaged in the business of real estate development, had claimed deduction of advertisement, sales promotion, legal and professional expenses relating to a completed project, which claim was examined and accepted in the original assessment passed u\/s 143(3). Subsequently, notice u\/s 148 was issued after expiry of four years on the ground that only a portion of the said expenses was allowable. The Tribunal held that the reassessment was based entirely on the same material already examined during the original assessment proceedings and therefore amounted to a mere change of opinion, which is impermissible in law. The Tribunal observed that there was no fresh tangible material brought on record to justify reopening, and the reassessment proceedings amounted to a review of the earlier order, contrary to the law laid down in <span class=\"s1\">CIT v. Kelvinator of India Ltd.<\/span> (2010) 320 ITR 561 (SC). The Tribunal further held that the reopening was also invalid since the notice u\/s 148 and reassessment order were issued in the name of a non-existing entity, which had amalgamated prior to the issuance of the notice. Following <span class=\"s1\">PCIT v. Maruti Suzuki India Ltd.<\/span> (2019) 107 taxmann.com 375 (SC), the Tribunal held that such a defect goes to the root of jurisdiction and is not curable u\/s 292B. Accordingly, the reassessment proceedings and reassessment order were quashed as void ab initio.<b> (<\/b>ITA No. 7565\/Mum\/2025, dt. 28-04-2026 ) (AY. 2010-11)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p> S. 147: Reassessment \u2013 After the expiry of four years &#8211; Change of opinion \u2013 Reassessment based on material already examined in original assessment is invalid \u2013 Notice issued in the name of a non-existing amalgamating company is void ab initio and not curable u\/s 292B. [S. 143(3), 148, 292B]<\/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_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":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-59932","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fAE","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59932","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=59932"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59932\/revisions"}],"predecessor-version":[{"id":59933,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59932\/revisions\/59933"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}