{"id":8975,"date":"2019-12-31T08:03:47","date_gmt":"2019-12-31T08:03:47","guid":{"rendered":"http:\/\/itatonline.org\/digest\/hsbc-bank-mauritius-ltd-v-dcit-it-2019-307-ctr-456-175-dtr-156-bom-hc\/"},"modified":"2020-01-30T00:26:03","modified_gmt":"2020-01-30T00:26:03","slug":"hsbc-bank-mauritius-ltd-v-dcit-it-2019-307-ctr-456-175-dtr-156-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hsbc-bank-mauritius-ltd-v-dcit-it-2019-307-ctr-456-175-dtr-156-bom-hc\/","title":{"rendered":"HSBC  Bank (Mauritius) Ltd  v. DCIT  (IT (2019) 307 CTR 456 \/ 175 DTR  153 \/101 taxmann.com 206  (Bom.)(HC)"},"content":{"rendered":"<p style=\"text-align: center;\">AO passed order u\/s. 143(3) by rejecting assessee\u2019s claim of such income on securities not being taxable in India, However, he allowed assessee&#8217;s claim of interest income on ECB. AO issued notice proposing to reopening of assessment for failure on assessee\u2019s part that it did not made true and full disclosure regarding its beneficial ownership status accordingly \u00a0claim of exemption on interest on ECB was chargeable to tax under Act. Allowing the petition the Court held that AO\u00a0not only \u00a0considered\u00a0assessee\u2019s\u00a0claim during scrutiny assessment, not being satisfied, raised multiple\u00a0queries during such assessment. Reopening is \u00a0based on mere change of opinion and would be impressible.\u00a0 Accordingly notice was set aside. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the expiry of four years-Interest on ECB-No failure to disclose material facts-Reassessment is held to be bad in law-DTAA-India-Mauritius. [S. 148, 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_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-8975","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2kL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8975","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=8975"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8975\/revisions"}],"predecessor-version":[{"id":9351,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8975\/revisions\/9351"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}