Assessee filed its return of income claiming deduction under section 80HHC. An assessment under section 143(3) was completed. Thereafter, reassessment proceedings were initiated on the ground that the assessee had claimed excess deduction under section 80HHC. Tribunal affirmed the order of reassessment. In appeal, the Court held that the original order of assessment was wholly silent in regard to the claim under section 80HHC. Details of notices under section 143(2) and questionnaires under section 142(1) were also not present in the assessment order. Since the original assessment order did not indicate any application of mind by the Assessing Officer on the issue of deduction under section 80HHC, the assumption of jurisdiction under Section 147 was justified, as income was admittedly subject to excessive relief under section 80HHC.\u00a0 (AY. 2004-05)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 147: Reassessment-Export business-Original assessment order did not indicate any application of mind by Assessing Officer on issue of deduction under section 80HHC-Assumption of jurisdiction under Section 147 was justified, as income was admittedly subject to excessive relief under section 80HHC. [S.80HHC, 148, 260A] <\/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-64149","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gGF","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64149","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=64149"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64149\/revisions"}],"predecessor-version":[{"id":64150,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64149\/revisions\/64150"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}