{"id":60606,"date":"2026-06-08T13:09:01","date_gmt":"2026-06-08T07:39:01","guid":{"rendered":"https:\/\/itatonline.org\/digest\/mehul-ravjibhai-surani-v-auid2025-307-taxman-202-guj-hc\/"},"modified":"2026-06-08T13:09:01","modified_gmt":"2026-06-08T07:39:01","slug":"mehul-ravjibhai-surani-v-auid2025-307-taxman-202-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mehul-ravjibhai-surani-v-auid2025-307-taxman-202-guj-hc\/","title":{"rendered":"Mehul Ravjibhai Surani v. AUID(2025) 307 Taxman 202 (Guj.)(HC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong>Assessee filed its return of income, which was accepted and an assessment order was passed. Subsequently, an issue arose that loss pertaining to the sale of shares of company kushal Ltd\u00a0 declared by assessee could not be ascertained and, thus, an income to a certain extent had escaped assessment and notice of reassessment was issued and addition was made u\/s 69 of the Act. On writ, the Court held that in response to the show cause notice, assessee filed a detailed submission explaining that transactions executed with company kushal Ltd were genuine transactions and the same was also backed by documentary evidence. However, the Assessing Officer passed an order making addition being alleged unexplained investment-Whether since the Assessing Officer had not even bothered to consider the detailed reply made by the assessee in response to the show-cause notice.\u00a0 The order of the Assessing Officer was a breach of principles of natural justice and was set aside.\u00a0 Matter remanded.\u00a0 (AY. 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Unexplained investments-Failure to consider the reply-Natural justice-Order and notice set aside-Matter remanded.[S. 69, 115BBE, 147,148, 148A(b) 148A(d), 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-60606","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fLw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60606","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=60606"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60606\/revisions"}],"predecessor-version":[{"id":60607,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60606\/revisions\/60607"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}