Allowing the petition, the Court held that the assessee had provided a certified copy of the resolution passed by the trustees of the assessee to the Assessing Officer not only in the original assessment proceedings but also in its replies to the notices issued under section 148A(b) of the Act. Therefore, the assessee had fully complied with all the requirements of section 11(2) of the Act and rule 17 of the Rules. There was nothing more that the assessee could have done to comply with the provisions of section 11(2). That the Assessing Officer had looked into the relevant details and particulars of accumulation during the course of the original assessment, and the assessee had provided all the details and documents during the original assessment proceedings. The order initiating the reassessment was based not only on a change of mind but also on non-application of the mind. The reassessment proceedings initiated by the Assessing Officer were not justified on any count. (AY. 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Accumulation of income-The Assessing Officer had looked into the relevant details and particulars of accumulation during the course of the original assessment, and the assessee had provided all the details and documents during the original assessment proceedings-The order initiating the reassessment was based not only on a change of mind but also on non-application of the mind-Show cause notice and order quashed. [S. 11(2), 148, 148A(b) 148A(d), R. 17, 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-60498","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fJM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60498","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=60498"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60498\/revisions"}],"predecessor-version":[{"id":60499,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60498\/revisions\/60499"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}