{"id":63338,"date":"2026-07-31T16:40:29","date_gmt":"2026-07-31T11:10:29","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bna-commerce-p-ltd-v-ito-2025-127-itr-335-kol-trib\/"},"modified":"2026-07-31T16:40:29","modified_gmt":"2026-07-31T11:10:29","slug":"bna-commerce-p-ltd-v-ito-2025-127-itr-335-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bna-commerce-p-ltd-v-ito-2025-127-itr-335-kol-trib\/","title":{"rendered":"BNA Commerce (P.) Ltd. v. ITO (2025) 127 ITR 335 (Kol.)(Trib.)"},"content":{"rendered":"<p>The assessment completed under section 143(3) was reopened after expiry of four years. The Tribunal held that the reasons recorded did not allege any failure on the part of the assessee to disclose fully and truly all material facts necessary for assessment. Consequently, the mandatory condition prescribed in the first proviso to section 147 was not satisfied and the reassessment was held to be invalid. The Assessing Officer reopened the assessment solely on the basis of information received from the Investigation Wing without making any independent enquiry or verification. The Tribunal held that mere reproduction of the Investigation Wing report without application of mind amounted to borrowed satisfaction and rendered the reassessment proceedings invalid.\u00a0\u00a0 <strong>(AY. 2013-14, 2014-15).<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-Notice after four years-Failure to disclose material facts not alleged-Reassessment invalid-Borrowed satisfaction-Reasons recorded based solely on Investigation Wing report-Reopening invalid.[S.68,  143(3), 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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-63338","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gtA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63338","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=63338"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63338\/revisions"}],"predecessor-version":[{"id":63339,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63338\/revisions\/63339"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}