{"id":8677,"date":"2019-12-18T11:34:40","date_gmt":"2019-12-18T11:34:40","guid":{"rendered":"http:\/\/itatonline.org\/digest\/blue-chip-developers-p-ltd-v-ito-trib-delhi-www-itatonline-org\/"},"modified":"2019-12-18T11:34:40","modified_gmt":"2019-12-18T11:34:40","slug":"blue-chip-developers-p-ltd-v-ito-trib-delhi-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/blue-chip-developers-p-ltd-v-ito-trib-delhi-www-itatonline-org\/","title":{"rendered":"Blue Chip Developers (P) Ltd.  v.  ITO (Trib.)(Delhi), www. itatonline.org"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that of the PCIT, while granting approval for issue of notice u\/S. 148, has only mentioned \u201cYES\u201d, it establishes that the approving authority has given approval to the reopening of assessment in a mechanical manner without due application of mind. \u00a0On this count the reassessment is not sustainable in the eyes of law and needs to be quashed. Followed, United Electrical Company (P) Ltd. \u00a0v. CIT (2002)\u00a0\u00a0\u00a0 258 ITR 317 (Delhi) (HC)\u00a0 CIT\u00a0 v. \u00a0S. Goyanka Lime &amp; Chemical Ltd (2015) 64 taxmann.com 313 \/ (2016) 237 Taxman 378 (SC) (ITA No. \u00a01061\/Del\/2019, dt. \u00a002. 12. 2019) (AY. \u00a02009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 151 : Reassessment-Sanction for issue of notice-Share capital-Share  premium-Approval-mechanical approval mentioning \u201cYes\u201d\u2013Non application of mind \u2013 Reassessment is held to be bad in law. [S. 147, 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-8677","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2fX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8677","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=8677"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8677\/revisions"}],"predecessor-version":[{"id":8678,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8677\/revisions\/8678"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}