{"id":60311,"date":"2026-06-05T09:26:48","date_gmt":"2026-06-05T03:56:48","guid":{"rendered":"https:\/\/itatonline.org\/digest\/paranjape-schemes-construction-ltd-v-dy-cit-2025-483-itr-353-bomhc\/"},"modified":"2026-06-05T09:26:48","modified_gmt":"2026-06-05T03:56:48","slug":"paranjape-schemes-construction-ltd-v-dy-cit-2025-483-itr-353-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/paranjape-schemes-construction-ltd-v-dy-cit-2025-483-itr-353-bomhc\/","title":{"rendered":"Paranjape Schemes (Construction) Ltd. v. Dy. CIT (2025) 483 ITR 353 (Bom)(HC)"},"content":{"rendered":"<p>Allowing the petition, the Court held that there were no reasons to believe but only reasons to suspect escapement of income under section 147. The agreement referred to in the reasons recorded was dated May 9, 2013, which pertained to the assessment year 2014-2015, and that could not be a basis for escapement of income for the assessment year 2015-2016. The notice under section 148 was quashed and set aside. (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147: Reassessment-Notice-Suspicion-Notice to verify details that income has escaped assessment is 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-60311","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fGL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60311","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=60311"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60311\/revisions"}],"predecessor-version":[{"id":60312,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60311\/revisions\/60312"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}