{"id":6160,"date":"2019-07-19T10:06:23","date_gmt":"2019-07-19T10:06:23","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dy-cit-v-setu-securities-pvt-ltd-mum-trib-ur\/"},"modified":"2019-07-19T10:06:23","modified_gmt":"2019-07-19T10:06:23","slug":"dy-cit-v-setu-securities-pvt-ltd-mum-trib-ur","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-setu-securities-pvt-ltd-mum-trib-ur\/","title":{"rendered":"Dy. CIT v. Setu Securities Pvt.  Ltd. (Mum.)(Trib.)(UR)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that as per the recorded reasons by the AO indicated that the assessee is treated as share broker and not mentioned how the figures are arrived. Accordingly the Tribunal held that as the \u00a0\u00a0recorded reasons being vague merely on the basis of information received from the office of DIT (Intell CR Inv.) reassessment is held to be bad in law.\u00a0\u00a0 followed\u00a0 Chhigamal Rajpal v.S.P Chaliha (1971) 79 ITR 603 (SC), Sheo\u00a0 Nath Singh v. ACIT (1971) 82 ITR 147 (SC). (Refer Coronation Agro Industries Ltd. v.\u00a0 Dy.CIT (2017) 390 ITR 464 (Bom.)(HC) \u00a0(AY. 2009-10)<\/p>\n<p><a href=\"https:\/\/drive.google.com\/open?id=1dUY7odB6vQP4DF-d6NQliLCeAv5XIMQg\">[Click hereto download PDF file]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the   expiry of four years-Client code modifications (CCM)\u2013Recorded reasons being vague  merely on the basis of information received from the office of DIT (Intell CR Inv.) reassessment is held to be bad in law.   [S. 148]<\/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_post_was_ever_published":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":""},"categories":[1],"tags":[],"class_list":["post-6160","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Bm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6160","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=6160"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6160\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}