{"id":7871,"date":"2019-10-15T12:19:03","date_gmt":"2019-10-15T12:19:03","guid":{"rendered":"http:\/\/itatonline.org\/digest\/a-thangavel-nadir-stores-v-ito-2019-417-itr-50-mad-hc\/"},"modified":"2019-10-15T12:19:03","modified_gmt":"2019-10-15T12:19:03","slug":"a-thangavel-nadir-stores-v-ito-2019-417-itr-50-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/a-thangavel-nadir-stores-v-ito-2019-417-itr-50-mad-hc\/","title":{"rendered":"A. Thangavel Nadir Stores v. ITO (2019) 417 ITR 50 (Mad.)(HC)"},"content":{"rendered":"<p>Allowing the petition the Court held that the utility of a statement recorded in the course of survey is limited to the extent to which it is useful or relevant to any proceeding under the Act. \u00a0A statement recorded in the course of survey can, at best, support a proceeding for reassessment. It cannot be the sole basis for reassessment.\u00a0 Accordingly, as the department had yielded no tangible incriminating material reassessment based solely upon the sworn statement recorded under section\u00a0133A\u00a0from one of the partners which he had retracted later. The notice of reassessment was not valid. (AY. 2013-14 to 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-Survey\u2013Retraction-Notice based solely on statement  recorded during  survey-Held to be not valid. [S. 132(4), 133A(iii), 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-7871","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-22X","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7871","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=7871"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7871\/revisions"}],"predecessor-version":[{"id":7872,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7871\/revisions\/7872"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}