{"id":60309,"date":"2026-06-05T09:26:33","date_gmt":"2026-06-05T03:56:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nathalal-ambalal-and-sons-v-ito-2023-156-taxmann-com-31-2025-483-itr-701-gujhc\/"},"modified":"2026-06-05T09:26:33","modified_gmt":"2026-06-05T03:56:33","slug":"nathalal-ambalal-and-sons-v-ito-2023-156-taxmann-com-31-2025-483-itr-701-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nathalal-ambalal-and-sons-v-ito-2023-156-taxmann-com-31-2025-483-itr-701-gujhc\/","title":{"rendered":"Nathalal Ambalal and Sons v. ITO [2023] 156 taxmann.com 31 \/ (2025) 483 ITR 701 (Guj)(HC)"},"content":{"rendered":"<p>Held that the audited accounts indicated that a fresh and plausible explanation was tendered by the assessee in the context of deposits. The assessment order passed after due inquiry on December 17, 2019 also indicated that there was full and complete disclosure of income of the assessee. The notice of reassessment not valid.(AY.2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment-After the expiry of four years-No failure to disclose material facts-Reassessment notice and order disposing of the objection is quashed.[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-60309","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fGJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60309","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=60309"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60309\/revisions"}],"predecessor-version":[{"id":60310,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60309\/revisions\/60310"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}