{"id":65278,"date":"2026-10-30T12:05:30","date_gmt":"2026-10-30T06:35:30","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-pradip-kumar-jajodia-2026-310-taxman-665-sc-editorial-pcit-v-pradip-kumar-jajodia-huf2026-186-taxmann-com-193-calhc\/"},"modified":"2026-10-30T12:05:30","modified_gmt":"2026-10-30T06:35:30","slug":"pcit-v-pradip-kumar-jajodia-2026-310-taxman-665-sc-editorial-pcit-v-pradip-kumar-jajodia-huf2026-186-taxmann-com-193-calhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-pradip-kumar-jajodia-2026-310-taxman-665-sc-editorial-pcit-v-pradip-kumar-jajodia-huf2026-186-taxmann-com-193-calhc\/","title":{"rendered":"PCIT v. Pradip Kumar Jajodia (2026) 310 Taxman 665 (SC) Editorial : PCIT v. Pradip Kumar Jajodia (HUF),(2026) 186 taxmann.com 193 (Cal)(HC)"},"content":{"rendered":"<p>High Court held that where information regarding the assessee\u2019s trades in shares was already available on record at the time of the original assessment, reopening of assessment on said ground was invalid, as it was not reason to believe but reason to suspect. SLP of revenue is dismissed. (AY. 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147  : Reassessment-Cash credits-High Court held that where information regarding assessee\u2019s trades in shares was already available on record at the time of original assessment, reopening of assessment on said ground was invalid as it was not reason to believe but reason to suspect-SLP of revenue dismissed. [S. 68, 148, Art. 136] <\/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-65278","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gYS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65278","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=65278"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65278\/revisions"}],"predecessor-version":[{"id":65279,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65278\/revisions\/65279"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=65278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=65278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=65278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}