\u00a0<\/p>\n
\u00a0<\/strong><\/p>\n \u00a0<\/strong><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Held that no independent inquiry was conducted or evidence recorded to establish nexus with assessment records.\u00a0 Reasons recorded were not sufficient to form a bona fide belief of escapement of income. Reopening based on borrowed satisfaction and for fishing inquiry; hence notice and consequential orders were quashed. Court also held that a change of name and permanent account number does not result in a change of territorial jurisdiction. Assessing Officer before whom return had been filed earlier has jurisdiction to issue notice. (AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":" S. 147: Reassessment-Information from Insight Portal-Allegation of accommodation entries-No independent inquiry conducted or evidence recorded to establish nexus with assessment records-Reasons recorded not sufficient to form bona fide belief of escapement of income-Reopening based on borrowed satisfaction and for fishing inquiry-Notice and consequential orders were quashed-Change of name and permanent account number not resulting in change of territorial jurisdiction-Assessing Officer before whom return had been filed earlier has jurisdiction to issue notice [S. 120, 124, 148,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-65074","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gVA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65074","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=65074"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65074\/revisions"}],"predecessor-version":[{"id":65075,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65074\/revisions\/65075"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=65074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=65074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=65074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}