{"id":60121,"date":"2026-06-05T07:57:23","date_gmt":"2026-06-05T02:27:23","guid":{"rendered":"https:\/\/itatonline.org\/digest\/welcome-plywood-pvt-ltd-v-ito-2023-153-taxmann-com-285-2025-482-itr-936-bomhc\/"},"modified":"2026-06-05T07:57:23","modified_gmt":"2026-06-05T02:27:23","slug":"welcome-plywood-pvt-ltd-v-ito-2023-153-taxmann-com-285-2025-482-itr-936-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/welcome-plywood-pvt-ltd-v-ito-2023-153-taxmann-com-285-2025-482-itr-936-bomhc\/","title":{"rendered":"Welcome Plywood Pvt. Ltd. v. ITO [2023] 153 taxmann.com 285 \/ (2025) 482 ITR 936 (Bom)(HC)"},"content":{"rendered":"<p>On writ, the Court held that the Assessing Officer had failed to give the particulars of the information available with him, which had led to the belief that income had escaped assessment. There appeared to be no new tangible material available on record to conclude that income had escaped assessment. It was clearly a &#8220;change of opinion&#8221;. The notice of reassessment was not valid. (AY.2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment-After the expiry of four years-Change of opinion-Failure to disclose material facts-Notice not valid.[S. 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_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-60121","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fDH","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60121","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=60121"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60121\/revisions"}],"predecessor-version":[{"id":60122,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60121\/revisions\/60122"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}