{"id":64700,"date":"2026-10-01T18:45:24","date_gmt":"2026-10-01T13:15:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/veena-arora-v-cit-2026-349-ctr-111-delhihc\/"},"modified":"2026-10-01T18:45:24","modified_gmt":"2026-10-01T13:15:24","slug":"veena-arora-v-cit-2026-349-ctr-111-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/veena-arora-v-cit-2026-349-ctr-111-delhihc\/","title":{"rendered":"Veena Arora v. CIT (2026) 349 CTR 111 (Delhi)(HC)."},"content":{"rendered":"<p style=\"margin: 0in;margin-bottom: .0001pt;text-align: justify;line-height: 150%\"><span lang=\"EN-IN\" style=\"font-family: &#039;Verdana&#039;,sans-serif\">The assessee challenged reassessment proceedings on the ground that merely because she had purchased a flat from the builder, reassessment could not be initiated against her. The Court held that the material relied upon by the Assessing Officer was sufficient to infer escapement of income in the relevant assessment year. After 1 April 2021, section 148 does not require the recording of &#8220;reason to believe&#8221; in the earlier form or possession of information\/evidence in the same manner; the assessee was required to establish that the material relied upon was erroneous or had no nexus with the amount reported by the builder. The reassessment proceedings were therefore held to be maintainable.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148: Reassessment-Reason to believe-Information\/material indicating escapement of income-Purchase of flat from builder does not by itself bar reassessment-S. 148 as applicable from 1-4-2021 [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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64700","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gPy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64700","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=64700"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64700\/revisions"}],"predecessor-version":[{"id":64701,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64700\/revisions\/64701"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}