{"id":9100,"date":"2020-01-05T05:34:52","date_gmt":"2020-01-05T05:34:52","guid":{"rendered":"http:\/\/itatonline.org\/digest\/usha-exports-v-acit-bomhc-www-itatonline-org\/"},"modified":"2020-02-09T05:34:03","modified_gmt":"2020-02-09T05:34:03","slug":"usha-exports-v-acit-bomhc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/usha-exports-v-acit-bomhc-www-itatonline-org\/","title":{"rendered":"Usha Exports v. ACIT ( 2020) 312 CTR 237\/ 185 DTR 87  (Bom)(HC), www.itatonline.org"},"content":{"rendered":"<p><strong>The petitioner\u00a0 is a partnership firm carrying on the business of manufacture and exports of diamonds . The assessment was completed u\/s 143(3) and thereafter reopening was done for alleged bogus purchases . The assessment was done by making GP additions . Thereafter the \u00a0reassessment notice was issued again for alleged accommodation entries . On writ allowing the petition the Court held that \u00a0\u00a0\u00a0\u00a0\u00a0the omission of the AO to make an assertion in the reasons that there was a failure to disclose fully and truly all material facts necessary for the assessment is sufficient to set aside the reassessment notice. Also, a notice issued on change of opinion is bad in law .<\/strong> ( WP No. 2506 of 2019, dt. 12.12.2019) <strong>( AY. 2012-2013) <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147: Reassessment \u2013  After the   expiry of four years-  Bogus purchases-  Accommodation entries-  No failure to disclosure material facts- Change of opinion- Reassessment is held to be bad in law .[ S. 69C ,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-9100","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2mM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9100","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=9100"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9100\/revisions"}],"predecessor-version":[{"id":9705,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9100\/revisions\/9705"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}