{"id":6824,"date":"2019-08-26T12:55:34","date_gmt":"2019-08-26T12:55:34","guid":{"rendered":"http:\/\/itatonline.org\/digest\/best-cybercity-india-pvt-ltd-v-ito-2019-414-itr-385-delhihc\/"},"modified":"2021-07-03T14:07:35","modified_gmt":"2021-07-03T08:37:35","slug":"best-cybercity-india-pvt-ltd-v-ito-2019-414-itr-385-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/best-cybercity-india-pvt-ltd-v-ito-2019-414-itr-385-delhihc\/","title":{"rendered":"Best Cybercity (India) Pvt. Ltd.  v. ITO  (2019) 414 ITR 385\/ 178 DTR 409\/ 265 Taxman 100 \/(2020) 313 CTR 711 (Delhi)(HC).Editorial : SLP of revenue is dismissed , ITO v .  Best Cybercity (India) Pvt. Ltd ( 2021 ) 277 Taxman 394 ( SC)"},"content":{"rendered":"<p>Allowing the petition the Court held that the assessee has disclosed an explained in the course of original assessment\u00a0 proceedings\u00a0 there was no new tangible material hence reassessment is bad in law.\u00a0 Court also held that Deficiency in reasons recorded cannot be rectified in affidavit. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the expiry of four years-No new tangible material- Disclosing and explaining all material facts during assessment proceedings-Deficiency in reasons recorded cannot be rectified in affidavit-Reassessment is bad in law.[S. 143(3), 148 ]<\/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_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6824","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1M4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6824","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=6824"}],"version-history":[{"count":5,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6824\/revisions"}],"predecessor-version":[{"id":19933,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6824\/revisions\/19933"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}