{"id":65325,"date":"2026-10-30T16:29:42","date_gmt":"2026-10-30T10:59:42","guid":{"rendered":"https:\/\/itatonline.org\/digest\/gulbrandsen-p-ltd-v-dy-cit-2026-310-taxman-188-gujhc\/"},"modified":"2026-10-30T16:29:42","modified_gmt":"2026-10-30T10:59:42","slug":"gulbrandsen-p-ltd-v-dy-cit-2026-310-taxman-188-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/gulbrandsen-p-ltd-v-dy-cit-2026-310-taxman-188-gujhc\/","title":{"rendered":"Gulbrandsen (P.) Ltd. v. Dy. CIT (2026) 310 Taxman 188 (Guj)(HC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p><strong>\u00a0<\/strong>Assessee filed its return of income, which was processed under section 143(1). The case was selected for scrutiny, and a draft assessment order under section 144C(1) was passed proposing TP adjustment and disallowance of additional depreciation, with penalty proceedings initiated. The assessee clarified that it would not approach the DRP but would file an appeal before the Commissioner (Appeals). No final order under section 144C(13) read with section 143(3) was passed within limitation, and proceedings lapsed under section 144C(4). Thereafter, a show-cause notice under section 148A was issued alleging escapement of income comprising the same TP adjustment and additional depreciation, based on the same material earlier flagged in scrutiny. The assessee replied that reopening was unjustified since these very issues had already been examined and no fresh tangible material existed. On writ, the court held that since no final assessment order had been passed within limitation under section 144C(4) and revenue had not come across any fresh material apart from material already examined in scrutiny, the Assessing Officer could not have reopened the assessment under section 147 on the same material which had already culminated into a draft assessment order under section 144C.\u00a0 (AY. 2021-22)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice-After the expiry of four years-Notice and consequential orders are quashed and set aside. [S. 144C(1), 147, 148, 148A(b), 148A(d), 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-65325","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gZD","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65325","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=65325"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65325\/revisions"}],"predecessor-version":[{"id":65326,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65325\/revisions\/65326"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=65325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=65325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=65325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}